Moneycontrol
Last Updated : Jan 28, 2019 03:58 PM IST | Source: Moneycontrol.com

Buy Larsen and Toubro; target of Rs 1655: Sharekhan

Sharekhan recommended 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 January 25, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Larsen and Toubro


L&T reported strong operating performance backed by healthy execution and stable operating margins during Q3FY2019. Further, higher other income (leveraged funds parked in investments) boosted net earnings. Management reiterated FY2019 guidance and is on track on achieving ROE improvement by FY2021. Further, management keeps options open for rewarding shareholders in the near term. Strong order backlog, smooth execution and stable operating margins are likely to aid in 18% CAGR in net earnings during FY2018-2020E.


Outlook


We maintain our Buy rating on Larsen & Toubro (L&T) with an unchanged PT of Rs. 1,655.


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.

First Published on Jan 28, 2019 03:58 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant