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Buy Larsen and Toubro; target of Rs 1930: ICICI Direct

ICICI Direct is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 1930 in its research report dated May 13, 2022.

May 14, 2022 / 01:53 PM IST
 
 
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ICICI Direct's research report on Larsen and Toubro


Larsen & Toubro (L&T) India’s largest engineering & construction (E&C) company with interest in EPC projects, Hi-tech manufacturing and services. It primarily operates in Infrastructure, Heavy Engineering, Defence engineering, Power, Hydrocarbon, Services business segments. Infrastructure segment contributes ~45% to consolidated revenue followed services (~30%).



Outlook


We maintain our BUY rating on the stock. We value L&T at Rs 1930 on SoTP basis.

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For all recommendations report, click here


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first published: May 14, 2022 01:53 pm
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