* Shares in India's Larsen & Toubro Ltd gain 1.7
percent after Goldman Sachs upgrades the stock to "buy" from
* Goldman cites cheaper valuations after L&T's recent
under-performance against the broader index and the prospect of
stable revenue growth over the medium term.
* The investment bank also notes the government is expected to
fast track an estimated $30 billion worth of infrastructure
projects in fiscal 2013/14, while also pointing to other
supportive factors such as an expected lower cost of financing.