Goldman Sachs bullish on L&T, raises target to ₹5,000 citing defense, green energy

• Goldman Sachs upgraded Larsen & Toubro (L&T) to a 'Buy' rating.
• Target price for L&T increased from ₹3,730 to ₹5,000 per share.
• Upgrade driven by L&T's potential in high-growth sectors like defense, green hydrogen, and nuclear power.
• L&T's Total Addressable Market (TAM) is projected to grow from ₹1.4 lakh crore (FY26) to ₹3.4 lakh crore (FY35).
• Strong order book and domestic capex recovery are expected to boost L&T's growth.

Why It Matters: Goldman Sachs raised L&T's target, signaling strong growth potential from new sectors.