Buy Larsen and Toubro, target of Rs 3337: Religare

110415 Investors following Larsen. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Larsen and Toubro, target of Rs 3337: Religare

Religare has recommended a buy rating on Larsen and Toubro with a target price of Rs 3337. During FY08, Larsen and Toubro's core business traded at a high of 35x FY09E EPS. The stock has corrected significantly off its highs and is now trading at 21x FY09E.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Buy Maruti Suzuki, target of Rs 1046: Religare Buy Godawari Power & Ispat, target of Rs 320: PINC Buy NIIT, target of Rs 132: Emkay Buy Indraprastha Gas, target of Rs 142: India Infoline Buy Deepak Fertilizers, target of Rs 123: Emkay Larsen BSE | NSE 28/05/12 Are Mutual Funds betting on Larsen?

Religare has recommended a buy rating on Larsen and Toubro with a target price of Rs 3337 in its June 16, 2008 research report. "During FY08, Larsen and Toubro's core business traded at a high of 35x FY09E EPS. The stock has corrected significantly off its highs and is now trading at 21x FY09E. We value the core business at Rs 2694 (22x FY10E EPS) with other businesses valued at Rs 643. Cumulatively, we arrive at a fair value of Rs 3337," says Religare's research report.
 
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

For further details click on attachment......