BUZZ — Jefferies sees India's L&T revenue, order growth topping guidance; keeps 'Buy' rating

* Jefferies reiterates 'Buy' and maintains PT of 5,000 rupees for India's Larsen and Toubro (L&T) * Brokerage sees LART FY27 revenue growth of 15% which it thinks will outpace co's own guidance of 10-12% revenue growth * Says orders from Middle East and domestic private sector clients are supporting growth, while weaker government capex spending and execution delays due to the conflict remains key risks * L&T's FY27 order flow is tracking ahead of its guidance despite modest growth in prospect pipeline for the rest of FY27, Jefferies says, sees scope for 5% upside surprise * Expects EBITDA to seean 18% CAGR in FY26-FY29 from 16% CAGR in FY15-FY19 * On the day, LART up 0.93%; YTD, down 5.07% (Reporting by Anushka Rajvedi in Bengaluru) ((mailto: anushka.rajvedi@thomsonreuters.com)