JM Financial recommends buying Larsen & Toubro with a target price of Rs 4,015, currently trading at Rs 3,477.1. The construction company reported a consolidated total income of Rs 65,635.65 crore for the quarter ending December 2024, with net profits of Rs 4,001.03 crore. L&T’s hydrocarbon vertical received its largest order from Qatar Energy LNG, valued at approximately $4.5 billion.
