Larsen & Toubro (L&T) Share Price Jumps on Goldman Sachs Upgrade: Realty Reshuffle, Order Book Strength and Fresh Analyst Forecasts (Dec 12, 2025)

Mumbai | December 12, 2025 — Larsen & Toubro Limited, India’s engineering and infrastructure bellwether, is back in the spotlight on Friday after a high-profile brokerage upgrade helped push the stock close to record territory. The move arrives just days after L&T announced a structural shake-up in its realty business—another signal that the conglomerate is trying to sharpen focus, improve capital allocation, and ride the next capex upcycle.