Goldman Sachs Upgrades L&T to Buy, Sees 34% Upside, ₹5,000 Target

• Goldman Sachs upgraded L&T stock from "neutral" to "buy."
• The brokerage firm raised L&T's target price from ₹3,730 to ₹5,000, indicating a potential 25% upside from Thursday's closing.
• Goldman Sachs expects strong growth for L&T in defense, green hydrogen, and nuclear power markets.
• L&T's total addressable market is projected to grow from ₹1.4 lakh crore in FY26 to ₹3.4 lakh crore by FY35.
• Analysts show positive sentiment, with 28 out of 33 recommending "buy" for L&T.

Why It Matters: Goldman Sachs recommends L&T stock, predicting up to 34% growth to ₹5,000.