At the moment Lokesh Garg of Kotak Institutional Equities feels that the stock is trading at fair value. His price target is Rs 1,000.
Lokesh Garg of Kotak Institutional Equities says rupee depreciation offers very big export opportunities and automobiles, pharma, textiles are some of the well established export sectors.
Lokesh Garg of Kotak Institutional Equities feels that Larsen and Toubro may test Rs 970.
BHEL's backlog of around Rs 1,10,000 crore with three year execution track record would give it a revenue line of somewhere around Rs 35,000-40,000 crore in the next few years. To that extent this revenue decline was anticipated. L&T is better off because other companies in the space have had 10-15 percent decline
According to Lokesh Garg of Kotak Institutional Equities, one may add Larsen and Toubro with two years perspective. "We believe valuations are reasonable and to that extent giving credit for the company to have managed it well so far," he adds.
Lokesh Garg of Kotak Institutional Equities is positive on Larsen and Toubro (L&T), Voltas and Crompton Greaves.
Lokesh Garg of Kotak Institutional Equities says that capital goods sector's inflows are likely to be weak for the next six to nine months.
From the sidelines of Kotak Institutional Equities and global investor conference, Lokesh Garg who tracks the capital goods space shared is readings and outlook on that space in an interview to CNBC-TV18.
Crompton Greaves will declare its first quarter results today. In an interview to CNBC-TV18, Lokesh Garg, associate director at Kotak Institutional Equities speaks about his expectations from the company.
Lokesh Garg, associate director of Kotak Institutional Equities says, L&T's guidance on both revenues and order inflows sounds a little aggressive. “Our revenue growth guidance is close to about 15%. At a standalone level, we are looking at an EPS number of about Rs 74 for L&T next year,†he adds.
Lokesh Garg, Kotak Institutional Equities keeps reduce rating on Larsen and Toubro (L&T).
Lokesh Garg of Kotak Institutional Equities expects customs duty on foreign equipment likely this Budget.
Larsen and Toubro (L&T) has target of Rs 1330, says Lokesh Garg, Kotak Institutional Equities.
L&T revised its FY12 order inflow guidance to 5% from 15% earlier. While Shailesh Kanani, senior research analyst of Angel Broking feels the company has had decent order inflow, Lokesh Garg of Kotak Institutional Equities elucidates L&T’s order inflow guidance revision was expected.