India, June 5 -- Global brokerage firm Jefferies has given an Upside target of 18 percent for the stock, citing strong revenue growth, Improvement in margin, and expectation of higher order inflow from macroeconomic improvement.

Target & Rationale Global Brokerage firm Jefferies has given two targets for the Engineering giant L&T, with the base case target of Rs. 3,965 and the Optimistic case target of Rs. 4,310. An upside of 8.30 percent and 17.75 percent, respectively. Brokerage states that the target for the stock of Rs. 3,965 is driven by the 18 percent revenue CAGR growth and higher margin expectation in its hydrocarbon and heavy engineering divisions.

Further for the Rs. 4,310 target by the brokerage is given by the expectation o...