Moneycontrol Be a Pro
Get App
Last Updated : Oct 31, 2019 03:57 PM IST | Source: Moneycontrol.com

Buy Larsen and Toubro; target of Rs 1765: Sharekhan

Sharekhan is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 1765 in its research report dated October 23, 2019.

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

Sharekhan's research report on Larsen and Toubro


L&T’s Q2FY2020 results were operationally in-line with estimates driven by Infrastructure, Hydrocarbon and IT&TS (boosted by Mindtree consolidation). Management retained order inflow and revenue guidance for FY2020 backed by strong opening order backlog and healthy order prospects for H2FY2020. Key challenges of lower credit growth in SME, higher working capital requirement and sustained weakness in private industrial capex remains.


Outlook


We maintain our Buy rating on Larsen and Toubro (L&T) with an unchanged PT of Rs. 1,765 owing to its strong order backlog, healthy order prospects and diversified presence.


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.



LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Oct 31, 2019 03:57 pm
Loading...
Follow us on
Available On