 Hold Larsen & Toubro, target Rs 1621: Indiabulls SecuritiesPublished on Sat, Jul 04, 2009 at 11:48 | Source : Moneycontrol.com Updated at Sat, Jul 04, 2009 at 13:47 134298 Investors following Larsen. Share this News with them.
Indiabulls Securities has recommended a hold rating on Larsen and Toubro , with price target of Rs 1621, in its report dated June 30, 2009. "Larsen & Toubro is currently trading at a forward (FY10) P/E of 28.8x. Our fair value estimate of Rs 1,621, based on the Sum-of-the-Parts (SOTP) methodology, factors in all the major positives and thus, provides limited upside potential from the current market price. Thus, we change our rating to Hold," says Indiabulls Securities' 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. To read the full report click on the attachment......... Attachments : TU952 Larsen Toubro Limited 090630.pdf
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