Get App


Associate Partners

Last Updated : May 13, 2019 04:49 PM IST | Source:

Buy Larsen and Toubro; target of Rs 1655: Sharekhan

Sharekhan is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 1655 in its research report dated May 10, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Larsen and Toubro

L&T reported inline results during Q4FY2019, backed by strong execution margin miss on operating margins. Order inflow has been strong even in a tough macro environment, taking the total order backlog to Rs. 2.9 lakh crore (up 12% y-o-y), providing revenue visibility of 2.1 years on TTM basis.


We maintain our Buy rating on Larsen & Toubro (L&T) with an unchanged PT of Rs. 1,655 factoring healthy execution on a strong order backlog.

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.

Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 13, 2019 04:49 pm
More From
Follow us on
Available On
PCI DSS Compliant