Deutsche Bank has hold rating on L&T with target price increased to Rs 1380 per share from Rs 1326.95 per share.
Here are analysts' investment strategies for two major infra stocks.
Deutsche Bank has hold rating on the stock with target price increased to Rs 1380 per share from Rs 1326.95 per share.
Bank of America Merrill Lynch has reiterated neutral call with target price cut to Rs 1446per share from Rs 1637 per share as demonetisation could lead to labour shortage for company. It believes that the company is likely to witness improvement in order inflow. It is optimistic about company’s efforts to improve return on equity (ROE) through asset sales.
Goldman Sachs retains buy rating on the stock.
Citi has a buy rating with target cut to Rs 1608 from Rs 1783 per share. It has also cut standalone EPS & consolidated EPS cut 13-16 percent and 9-13 percent respectively as demonetisation may impact execution over the short term.
CLSA has buy rating as it offers a good proxy to domestic capex. It has set a target price for the stock at Rs 1750 per share.
JP Morgan is overweight with target at Rs 1655 per share as working capital pressure eased slightly.
Jefferies maintains hold rating with target cut to Rs 210 from Rs 250 per share as Q2 results were below expectation due to lower construction income.
CLSA has a buy rating with target cut to Rs 310 from Rs 330 per share as demonetisation will slow traffic, but stock may overreact.
Citi has a sell rating with target at Rs 214 per share as quarter was impacted due to low construction and toll revenue growth.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.