Archive · 16 Dec 2025
Brokerages Upgrade Ratings for L&T and Adani Power
Two big companies, Larsen & Toubro (L&T) and Adani Power, have been given good news by financial experts.
Goldman Sachs thinks L&T is a good buy because they believe L&T can grow a lot in areas like defence, green hydrogen, and nuclear power.
They think the stock could go up by about 25%.
On the other hand, Antique Stock Broking thinks Adani Power is also a good buy.
They believe Adani Power will grow a lot because they are expanding their capacity and have strong demand for their power.
They think the stock could go up by about 30%.
Both companies are expected to make more money and be more profitable in the next few years.
Goldman Sachs upgraded Larsen & Toubro (L&T) to a 'Buy' rating with a target price of Rs 5,000, indicating a 25% upside.
Antique Stock Broking initiated coverage on Adani Power with a 'Buy' rating, setting a target price of Rs 187, suggesting a 30% potential upside.
L&T's upgrade is driven by clearer earnings visibility, a strong order book, and growing opportunities in defence, green hydrogen, and nuclear power.
Adani Power's upgrade is based on a multi-year earnings upcycle led by sharp capacity expansion, strong power demand tailwinds, and improving earnings visibility.
Both companies are expected to see significant revenue and profit growth over the next few years.
- Who
- Larsen & Toubro (L&T) and Adani Power
- What
- Goldman Sachs and Antique Stock Broking have upgraded their ratings for L&T and Adani Power respectively, indicating significant growth potential.
- When
- The upgrades are based on current and future growth prospects.
- Where
- The information is relevant to the stock market and investors.
- Why
- The upgrades are driven by clearer earnings visibility, strong order books, and growing opportunities in various sectors.
- Company 1
- Larsen & Toubro (L&T)
- Brokerage 1
- Goldman Sachs
- Rating 1
- Buy
- Target Price 1
- Rs 5,000
- Potential Upside 1
- 25%
- Key Growth Areas 1
- Defence, Green Hydrogen, Nuclear Power
- Expected Revenue Growth 1
- Early double-digit rates
- Expected Profit Growth 1
- Mid-teen rates
- Company 2
- Adani Power
- Brokerage 2
- Antique Stock Broking
- Rating 2
- Buy
- Target Price 2
- Rs 187
- Potential Upside 2
- 30%
- Capacity Expansion
- 2.3 times from 18.15 GW in FY25 to 41.9 GW by FY33
- Expected Revenue Growth 2
- 16% CAGR over FY25–32E
- Expected Ebitda Growth 2
- 19% CAGR over FY25–32E
- Expected PAT Growth 2
- 17% CAGR over FY25–32E
Sources
Goldman Sachs upgrades this capital goods and defence sector stock; sees as much as 25% upside
Adani Power: Antique sees 30% upside, multi year earnings upcycle ahead
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