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Strong order pipeline expected to support L&T’s growth prospects
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ET Intelligence Group: The stock of Larsen & Toubro (L&T) is likely to sustain the momentum in the medium term following a fast expanding order pipeline amid improving project execution. The stock has gained 16% over the past three months.
It hit a 52-week high of Rs 2,673.6 on Wednesday on the BSE following upbeat June quarter numbers. The stock trades at 26 times one-year forward earning, in line with the long-term average valuation.The core
. Read more on economictimes.indiatimes.comAbout this in other media
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