Archive · 2 Sep 2026
Jefferies Sets Target Prices for Indian Industrial Stocks
Jefferies, a financial services company, has set target prices for several Indian industrial stocks.
They think HAL (Hindustan Aeronautics Limited) will grow a lot in the next few years and set a target price of Rs 6,800.
KEI Industries, which is involved in power, construction, and exports, has a target price of Rs 6,920.
L&T (Larsen & Toubro) has a target price of Rs 5,000.
Jefferies also talked about how the Indian government is spending more money on building roads, railways, and defense.
They think this is good for industrial companies.
Jefferies sets target price of Rs 6,800 for HAL, suggesting 42% upside potential.
KEI Industries has a target price of Rs 6,920, with 30% upside potential.
L&T's target price is Rs 5,000, indicating 25% upside potential.
Central government's capex rose 54% YoY in July, with year-to-date capex up 30% YoY.
FY26 capex was up 33% YoY till July 2025, but full-year capex growth moderated to 2% YoY.
- Who
- Jefferies
- What
- Set target prices for HAL, KEI Industries, L&T, and others
- When
- Not specified
- Where
- India
- Why
- Based on capex trends and company performance
- HAL Target Price
- Rs 6,800
- KEI Industries Target Price
- Rs 6,920
- L&T Target Price
- Rs 5,000
- Central Govt Capex July YoY
- 54%
- Year-to-Date Capex YoY
- 30%
- FY26 Capex YoY till July 2025
- 33%
- Full-Year Capex Growth
- 2%