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.
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.
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
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