L&T Shares Rebound for 3rd Day; Goldman Sachs Sees Limited West Asia War Impact

• Larsen & Toubro (L&T) shares rose 3% on Wednesday, extending gains for the third consecutive session.
• The stock recently declined 18% since early March due to concerns over Middle East project execution and potential capital expenditure cuts.
• Goldman Sachs maintained a 'Buy' rating with a ₹4,420 price target, acknowledging near-term risks but seeing an intact medium-term opportunity.
• Goldman Sachs lowered revenue estimates for the March quarter and cut core order inflow growth for FY27 to 1.1% from 7.7%.
• Despite being among the worst-performing large-cap stocks this month, 28 out of 34 analysts maintain a 'Buy' rating.