Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo


Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!

Buy Larsen and Toubro target of Rs 1614: Sharekhan

Sharekhan is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 1614 in its research report dated January 22, 2020.

February 13, 2020 / 12:56 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Larsen and Toubro

Q3FY2020 results were weak as revenue was affected by conscious slowdown in execution of infrastructure projects, although better OPM ensured that net earnings only marginally missed estimates. The management retained order inflow and revenue guidance for FY2020 as key issues hindering execution were resolved; it expects domestic public sector tendering pick up in Q4 as the fiscal closes. Order pipeline visibility remains strong at Rs. 3 lakh crore, comprising Rs. 2.5 lakh crore of domestic orders and the rest international.


We maintain our Buy rating on Larsen and Toubro (L&T) with a revised PT of Rs. 1,614 as we are constructive on execution with unchanged earnings estimates; we also roll forward our valuation to FY2022.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jan 28, 2020 03:52 pm

stay updated

Get Daily News on your Browser