L&T Shares Surge 2% as Goldman Sachs Upgrades to Buy with Rs 5,000 Target Price

L&T shares rose 2.5% to Rs 4,109 after Goldman Sachs upgraded the stock to Buy from Neutral and raised the target price to Rs 5,000, implying a 25% upside. The brokerage cited stronger growth visibility across business segments, a healthy order backlog, and improved capital allocation as key factors. L&T reported 16% YoY growth in net profit to Rs 3,926 crore and 10% growth in revenues to Rs 67,984 crore in Q2.