Accumulate Larsen and Toubro: Kotak Securities

One can accumulate Larsen and Toubro (L&T) at the current price with a target of Rs 1740, says Sanjeev Zarbade, Analyst, Kotak Securities.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
Real-time Stock quotes, portfolio, LIVE TV and more.
GeStepAhead SME Special
moneycontrol.com

Home » News » Stocks Views

Mar 28, 2013, 12.28 PM | Source: CNBC-TV18

Accumulate Larsen and Toubro: Kotak Securities

One can accumulate Larsen and Toubro (L&T) at the current price with a target of Rs 1740, says Sanjeev Zarbade, Analyst, Kotak Securities.

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

Accumulate Larsen and Toubro: Kotak Securities

One can accumulate Larsen and Toubro (L&T) at the current price with a target of Rs 1740, says Sanjeev Zarbade, Analyst, Kotak Securities.

Post Your Comments

Share Cancel

Sanjeev Zarbade (more)

Analyst, Kotak Securities | Capital Expertise: Equity - Fundamental

One can accumulate Larsen and Toubro (L&T) at the current price with a target of Rs 1740, says Sanjeev Zarbade, Analyst, Kotak Securities.

Zarbade told CNBC-TV18, "On Larsen and Toubro (L&T) we have a price target of Rs 1740 and have accumulate rating. Basically we find that the valuations at the current price are reasonable, however it needs to be noted that the capital goods sector is not out of the woods and the data that we are getting in terms of the Index of Industrial Production (IIP) capital goods index which came at negative 1.8 percent."

He further added, "The outlook provided by the global Multinational Corporations (MNC) like Cummins, Caterpillar and Siemens are also pointing to a very muted to a negative kind of a growth outlook in 2013. All in all it is a sector which is currently showing weak trends but the valuation for L&T is now reasonable and in that context we are recommending accumulate at the current price."

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Accumulate Larsen and Toubro: Kotak Securities

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login