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Last Updated : Jul 24, 2019 03:37 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 July 23, 2019.

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Sharekhan's research report on Larsen and Toubro


L&T reported inline results during Q1FY2020, backed by healthy execution and improvement in OPM. Management has retained its guidance of order inflow, revenue growth and OPM for FY2020. L&T eyes Rs. 8.4 lakh crore order prospects with project awards to be more back-ended during FY2020.


Outlook


We maintain our Buy rating on Larsen and Toubro (L&T) with a revised PT of Rs. 1,765, factoring revised estimates including Mindtree and revision in its listed financial subsidiaries.

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 Jul 24, 2019 03:37 pm
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