Buy Larsen & Toubro; target of Rs 1870: ICICI Direct

ICICI Direct is bullish on Larsen & Toubro has recommended buy rating on the stock with a target price of Rs 1870 in its research report dated July 27, 2021.

Broker Research

July 29, 2021 / 14:08 IST

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ICICI Direct's research report on Larsen & Toubro

Larsen & Toubro (L&T) is 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 by services (~30%).

Outlook

We maintain our BUY rating on the stock We value L&T at Rs 1870 on SoTP basis

For all recommendations report, click here

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Broker Research

first published: Jul 29, 2021 02:08 pm

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