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L&T capex cycle at cusp of take-off, buy on dips: Kotak Sec

Larsen and Toubro (L&T) disappointed street with the third quarter profit falling 14.6 percent year-on-year to Rs 1,060 crore on standalone basis, dented by lower operating income, higher depreciation and interest costs.

first published: Feb 10, 2015 10:04 am

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