L&T rallies over 7 percent; Goldman adds to 'conviction buy'

Reuters Market Eye - Shares of Larsen & Toubro rose as much as 7.4 percent after Goldman Sachs added the stock to its "conviction buy list," citing "attractive" valuations, "visible" growth, strong balance sheet and a "good" track record of execution.

As of 3:12 p.m., shares of L&T were up 7.4 percent to 809.55 rupees.

(Reporting by Indulal PM)