L&T share price rose over 9% in three trading sessions to a high of Rs 4,235 on June 16, 2026. JPMorgan maintained Overweight and raised target to Rs 5,060 (the first L&T target above Rs 5,000) citing Lakshya 2031’s 12-15% revenue CAGR and the Middle East opportunity post-US-Iran peace deal. Analysis by Ankit Jaiswal at Univest.