L&T has target of Rs 1330: Lokesh Garg

Larsen and Toubro (L&T) has target of Rs 1330, says Lokesh Garg, Kotak Institutional Equities.

Garg told CNBC-TV18, "I think operational performance of Larsen and Toubro was reasonably strong in terms of execution, margins and order inflows as well. Given that the environment has been fairly challenging over the last three to six months, we believe certainly this is commendable. The concerns are little bit on what is the likely performance for the company in the next three to six quarters."
He further added, "We haven