Should You Buy Larsen & Toubro Shares on 23 June 2025? ICICI Sec Thinks So
Here’s the Deal
So ICICI Securities—yeah, one of the big players in India’s brokerage scene—just dropped a pretty interesting recommendation. They’re saying Larsen & Toubro (L&T) is the stock to buy come June 23, 2025. And it’s not just some random tip—it’s coming from Dharmesh Shah, this analyst who’s got a solid track record of calling market moves right. With infrastructure spending going through the roof and L&T basically owning that space, this could be one of those rare ‘set it and forget it’ kind of plays. But is it really that simple? Let’s break it down.
Who Exactly is Dharmesh Shah?
Okay, full disclosure—I’m not his biggest fan or anything, but the guy knows his stuff. Heads technical research at ICICI Sec, been doing this for like 15 years. What’s impressive? His picks actually beat the market consistently. Not that flashy ‘look-at-me’ analyst type, just quietly gets it right. His last few calls in infrastructure? Nailed it. So when he says L&T’s a buy, people tend to listen.
Why L&T Might Actually Be Worth Your Money
The Numbers Don’t Lie
L&T isn’t just some construction company—it’s the Godzilla of Indian engineering. We’re talking infrastructure, power plants, even defense projects. And get this—their latest numbers show 12% revenue growth year-on-year. How? By finally getting their costs under control. Plus, their order book is sitting at ₹4.5 lakh crore. That’s not just big—that’s “we’re set for the next decade” big.
Where the Growth Is Coming From
Here’s the thing—our government’s gone all-in on building stuff. Highways, metros, you name it. And guess who gets first dibs on those contracts? But what most people miss is L&T’s playing the long game abroad too—Middle East, Africa. Oh, and their renewable energy and defense arms? Starting to look seriously juicy. These aren’t side gigs anymore—they’re becoming real profit drivers.
What the Charts Are Saying
Shah’s pointing to this technical pattern called a “cup and handle”—sounds fancy, but basically means the stock’s primed to move up. Broke past ₹3,800 recently, which is a big deal apparently. Support at ₹3,650, resistance at ₹4,200. His target? ₹4,500 in a year. That’s an 18% upside if he’s right. Not life-changing money, but solid for a bluechip.
What Everyone Else Is Missing
Infrastructure stocks are having a moment—finally. After years of neglect, suddenly everyone’s talking about Siemens and ABB trading at crazy valuations. Meanwhile, L&T’s sitting there looking almost… cheap? With material costs stabilizing and interest rates not climbing anymore, the whole sector’s breathing easier. But here’s my take—L&T’s the only one with the scale to actually deliver on these mega projects.
Yeah, But… (The Risks)
Look, nothing’s perfect. Those huge projects? They can get delayed—like, years delayed. Inflation might come back to bite them. And their international work? Geopolitics is always a wildcard. One regulatory change in Saudi Arabia or wherever, and boom—there goes your margin. Still, compared to most stocks, it’s relatively safe.
How to Actually Buy the Damn Shares
- Pick Your Poison: ICICI Direct if you’re old school, Zerodha/Groww if you like shiny apps.
- The Actual Buying Part: Search for “LT” (not “L&T”—the market’s weird like that), hit buy.
- Don’t Overpay: Try to get in around ₹3,850-3,900 if you can. No FOMO—the stock’s not running away tomorrow.
- Safety Net: Set a stop-loss at ₹3,600 unless you enjoy watching your money evaporate.
Final Thoughts
ICICI Sec’s call makes sense—L&T’s fundamentals are strong, the sector’s hot, and the stock’s not even that expensive. But here’s the real question—does it fit YOUR portfolio? If you’re already heavy on infra, maybe diversify. No stock tip, no matter how good, is worth betting the farm on. And hey, if you’re unsure? Just talk to someone who does this for a living.
FAQs (The Stuff People Actually Ask)
Why’s ICICI so hyped about L&T?
Three words: orders, tailwinds, breakout. Shah thinks all three are lining up perfectly.
What’s the price target?
₹4,500 within a year. But remember—targets get missed all the time.
Is this a long-term hold?
Could be. L&T’s not going anywhere. But check in every quarter—no sleeping at the wheel.
How’s L&T better than other infra stocks?
They actually finish projects. Sounds basic, but you’d be surprised how many don’t.
What could go wrong?
Delays, cost overruns, some country halfway across the world changing rules. The usual.
Source: Livemint – Markets