Buy Larsen & Toubro, target price Rs 2700: Motilal Oswal Financial Services
Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 363516.25 Crore) operating in Construction sector. Larsen & Toubro key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Service (Engineering), Commission and Lease Rentals for the year ending 31-Mar-2022.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 59076.06 Crore, up 25.31 % from last quarter Total Income of Rs 47144.75 Crore and up 10.70 % from last year same quarter Total Income of Rs 53366.26 Crore.
Company has reported net profit after tax of Rs 4446.74 Crore in latest quarter.Investment RationaleFresh breakout after a long consolidation on daily frame which makes room for an upside potential. Promoter/FII Holdings Promoters held 0 per cent stake in the company as of 30-Jun-2023, while FIIs owned 25.29 per cent, DIIs 38.01 per cent.
. Read more on economictimes.indiatimes.com
