Larsen & Toubro shares: 114% return in 5 yrs, Motilal Oswal sees 19% more upside stock | Target price
Motilal Oswal secured new business.
· LiveMint Markets
Larsen & Toubro shares have fallen 10.6% in 2026 so far, despite delivering 114% returns over five years. Motilal Oswal sees nearly 19% upside, citing order growth, domestic project execution and opportunities across multiple international markets.
The analysis
Motilal Oswal reported movement of 19%, 114% and 10.6%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.1% on the day at ₹1,026.00, and has returned +11.5% over three months. It sits 6% below its 52-week high. The capital markets sector has moved -4.9% over the same period, so Motilal Oswal is running 16.4 points ahead of its peers.
For Motilal Oswal, the question is how much of this is already reflected in the price and how much re-rates the capital markets peer set alongside it.
Market context
- The company directly in focus is MOTILALOFS.
- Sector exposure: Capital Markets.
In this story
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