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Buy Larsen and Toubro; target of Rs 1594: Keynotes Financial Opiniery

Keynotes Financial Opiniery is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 1594 in its research report dated July 19, 2019.

July 22, 2019 / 05:26 PM IST
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Keynotes Financial Opiniery's research report on Larsen and Toubro

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate with global operations. L&T addresses critical needs in key sectors- Hydrocarbon, Infrastructure, Power, Process Industries and Defence for customers in over 30 countries around the world. L&T is engaged in core, high impact sectors of the economy and our integrated capabilities span the entire spectrum of ‘design to deliver’. With 8 decades of a strong, customer focused approach and a continuous quest of a world –class quality, we have unmatched expertise across Technology, Engineering, Construction, Infrastructure Projects and Manufacturing and maintain a leadership in all our major line of business. L&T has several international offices and a supply chain that extends around the globe. The company’s manufacturing footprint extends across 8 countries in addition to India.


On the basis of Discount Cash Flow Valuation Method, we are recommending ‘Buy’ for the stock. Since the stock offers good opportunity, we initiate a ‘BUY’ signal on the stock with 12-month price target of Rs 1594/- share an upside of 15% from current levels.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

Broker Research
first published: Jul 22, 2019 05:26 pm

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