Post Budget 2026, the big theme that stood out was public infra capex. The government has announced ~₹12.2 lakh crore towards infrastructure, which naturally puts names like Larsen & Toubro back on the radar.
On the chart, L&T recently bounced from a well-defined demand zone and is now testing an important inflection area around ₹3950. This level has acted as a pivot in the past, so price reaction matters here.
If L&T manages a clean break and hold above ₹3951, the structure opens up for a move towards ₹4045 and above in the near term. Rejection from this zone, on the other hand, could mean more consolidation.
Watching this closely. fundamentals have the wind at their back, now it’s all about the breakout…
