Buy Larsen and Toubro, target of Rs 3337: Religare

Published on Thu, Jun 19, 2008 at 16:52 |  Source : Moneycontrol.com

Updated at Thu, Jun 19, 2008 at 16:56  

110415 Investors following Larsen. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

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......

  

Trending News

Business News

Indian PC market growth sluggish in Q1; Lenovo tops the list
Coal India Q4 net falls 5%; maintains target for FY13 "Coal India Q4 net falls 5%; maintains target for FY13"

Class 12 results to count; IITs, NITs to have one JEE

Birla Corp Says Chanderia Mining Ops Stopped Following HC Order

The latest earning numbers FIRST on CNBC-TV18
Videos

May 28 2012, 21:07

Steady market: Experts tell you what to buy or sell now?

- in Market Edge

May 28 2012, 10:38

Buy Bajaj Auto, Hero MotoCorp on dips: Mehraboon Irani

- in MARKET OUTLOOK

Interviews

May 28 2012, 20:00 | Source: CNBC-TV18

All asset classes to rally if Germany gives in: Uday Kotak  

May 28 2012, 19:45 | Source: CNBC-TV18

Will meet targets, customers to pay import cost: Coal India  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!