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

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.

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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.


Outlook


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 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.



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First Published on May 13, 2019 04:49 pm
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