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L&T shares jumped 3% to Rs 3,515.9 in Monday's intraday trade on BSE after the company's board approved a fundraising plan of up to Rs 12,000 crore through various debt-based instruments.The board approved long-term borrowings via external commercial borrowings, term loans, non-convertible debentures, or other suitable instruments.In another development, L&T appointed Subramanian Sarma, Whole-Time Director and President (Energy), as Deputy Managing Director and President, effective April 2, until February 2028.Additionally, L&T’s Buildings & Factories (B&F) vertical secured an order worth between Rs 2,500 crore and Rs 5,000 crore from Brigade Group for residential and commercial projects in Hyderabad and Chennai.Also Read: Sensex climbs over 600 points as FIIs return to D-Street; Nifty reclaims 23,500 levelL&T Shares Target PriceAccording to Trendlyne data, the average target price of the stock is Rs 4,092, indicating an upside of 17% from the current market price. The consensus recommendation from 32 analysts for the stock is a 'Buy'.Technically, the stock's Relative Strength Index (RSI) is at 63.3. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at -34.8, which is below its center line, indicating a bearish trend.L&T shares are trading above their 5-day, 10-day, 20-day, 30-day, and 50-day simple moving averages (SMAs) but remain below the 100-day, 150-day, and 200-day SMAs.Also Read: Stocks in news: Adani Green, Adani Enterprises, NCC, Godrej Properties, Max HealthcareL&T Shares PerformanceAt 10:03 am, the stock was trading 2.2% higher at Rs 3,491.5 on BSE. It has declined 8% over the past six months but gained 10% in the last two weeks and 62% over the last two years. L&T’s market capitalization stands at Rs 4,80,451 crore.(Disclaimer: Recommendations, suggestions, views, and opinions expressed by the experts are their own and do not represent the views of The Economic Times.)

Shares of Jindal Stainless fell as much as 4.3% on Monday to Rs 598.80 on the BSE after brokerage Nuvama Institutional Equities cut its target price on the stock, citing near-term earnings weakness driven by soft exports and elevated imports.Nuvama lowered its target price on Jindal Stainless to Rs 723 from Rs 836 earlier but retained its 'buy' rating, saying long-term growth prospects remain intact. The new target implies a potential upside of nearly 21% from current levels.The brokerage flagged that Jindal Stainless is navigating rough waters amid subdued export demand and a surge in imports, forcing the company to divert volumes into lower-margin segments. This shift is expected to weigh on profitability in the coming quarters.Management guided for a conservative FY26 volume growth of 9-10% year-on-year, assuming no export growth, and a consolidated EBITDA per tonne of Rs 19,000 to Rs 21,000—higher than the estimated Rs 16,000 per tonne for the current quarter ending March 31, Nuvama noted.The brokerage also highlighted that Jindal Stainless has delayed its downstream operations at the Jajpur facility by 8-9 months amid demand uncertainty. The operations were initially scheduled to start in the first half of FY27, and the delay signals potential operational headwinds.Factoring in lower volumes and profitability, Nuvama cut its EBITDA estimates for FY25, FY26, and FY27 by 5%, 10%, and 13%, respectively.Technically, Jindal Stainless is trading below all key moving averages, including the 5-day, 10-day, 20-day, 50-day, 100-day, 150-day, and 200-day averages. Its relative strength index (RSI) stands at 48.3, indicating neutral momentum.Jindal Stainless has corrected nearly 28% from its recent peak of Rs 848. Still, all nine analysts covering the stock maintain a 'buy' rating, according to Trendlyne data, reflecting optimism about the company’s long-term fundamentals despite near-term challenges.Also Read: Stocks in news: Adani Green, Adani Enterprises, NCC, Godrej Properties, Max Healthcare(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)