Monday, March 29, 2010

Buy L&T CMP: Rs. 1,636, Target: Rs1,810

Larsen & Toubro

Reco: ACCUMULATE

CMP: Rs. 1,636

Target Price: Rs. 1,810

All Is Well… Upgrade to Accumulate

We recently met the management of Larsen & Toubro (L&T) to get an update on business environment and company's future prospects. We remain positive on L&T – considering clearance of bottlenecks in order execution coupled with promising outlook for target sectors and satisfactory progress in subsidiary companies. Consequently, we roll-over the valuations of core business to FY12E earnings and revise our SoTP price from Rs1,525/Share to Rs1,810/Share and upgrade our rating from 'HOLD' to 'ACCUMULATE'.

--
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
 
You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en
 
To unsubscribe from this group, send email to investorspleaselisten+unsubscribegooglegroups.com or reply to this email with the words "REMOVE ME" as the subject.

No comments:

Blog Archive

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest