Larsen & Toubro (L&T) is India’s largest engineering & construction (E&C) company with interest in EPC projects, Hi-tech manufacturing and services.It primarily operates in infrastructure, heavy engineering, defence engineering, power, hydrocarbon, services business segments Infrastructure segment contributes ~45% to consolidated revenue followed by services (~30%).
Outlook
We maintain our BUY rating on the stock We value L&T at Rs 1870 on SoTP basis
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