Mobile phone manufacturing production value has surged nearly 30-fold over the past decade — from Rs 18,000 crore in FY15 to Rs 5.45 lakh crore in FY25, making it one of the most dramatic industrial expansions in recent years
Prabhudas Lilladher is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 4806 in its research report dated January 29, 2026.