larsen & toubro share price: Buy Larsen & Toubro, target price Rs 1485: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Larsen & Toubro with a target price of Rs 1485. The current market price of Larsen & Toubro Ltd. is Rs 1415.5 Time period given by analyst is Intra Day when Larsen & Toubro Ltd. price can reach defined target.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 198814.80 Crore) operating in Construction sector. Larsen & Toubro Ltd.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 49116.16 Crore, up 33.97 % from last quarter Total Income of Rs 36661.08 Crore and up 9.38 % from last year same quarter Total Income of Rs 44905.76 Crore. Company reported net profit after tax of Rs 3536.19 Crore in latest quarter.

Investment Rationale
Surpass its falling supply trend line and came out of its range on weekly frame.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.1 per cent, DIIs 35.5 per cent and public and others 45.4 per cent.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

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