Buy L&T With Stop Loss Of Rs 1855
Stock market analyst Ashish Chaturmotha of Anand Rathi Securities has maintained 'buy' rating on Larsen & Toubro Ltd stock to achieve a target that lies between Rs 1920-1930.
The strict stop loss for the stock is Rs 1855.
Today, the stock of the company opened at Rs 1872 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 1949 and a low of Rs 1395.50 on BSE.
Current EPS & P/E ratio stood at 53.93 and 34.66 respectively.
Larsen & Toubro will rework the subsisting arrangement of its infrastructure development unit to include three verticals comprising infrastructure, power growth, and real estate.
Company's chairman & managing director AM Naik did not provide a time limit for the same.
Engineering & construction behemoth L&Tis all set to build capabilities for executing nuclear islands that will improve its power to build up complete nuclear facilities on a turnkey basis.
Larsen & Toubro is a multinational conglomerate company, which has its headquarter located at Mumbai, Maharashtra.
L&T has a global presence, with an international spread of offices as well as plants, further supplemented by a wide-ranging commercializing and distribution system.