Larsen & Toubro Share Price Target: Brokerage firm JP Morgan and analyst Nooresh Merani are positive on the shares of L&T (Larsen & Toubro) Limited. The brokerage firm has said that construction company L&T is well-positioned to ride the capital expenditure cycle in India and the Middle East. L&T's stock is up 2.14 percent at Rs 3557.65 on BSE at around 3 pm today . Know further what is the target of the stock.

What was the target given by JP Morgan?

JP Morgan has initiated an overweight rating for L&T with a target price of Rs 4360. The brokerage firm said that it has an attractive valuation with strong income growth. At a target of Rs 4360, this stock can give more than 22 percent returns.

What is the opinion of market experts?

Meanwhile, in a conversation with ET Now, expert Nooresh Merani has also advised buying L&T shares. He has set the target price at Rs 3900. He has asked to keep the stop loss at Rs 3450.

How much dividend was given

This year L&T (Larsen & Toubro) declared a dividend of Rs 28 for its shareholders with an ex-date and record date on June 20. Similarly, the company also declared a dividend of Rs 18 in 2021, Rs 22 in 2022 and Rs 30 in 2023.

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