L&T Share Price: Buy L&T, target price Rs 1610: ICICI Direct

ICICI Direct has a buy call on Larsen & Toubro (L&T) with a target price of Rs 1610 for a time frame of 3 months. The current price of Larsen & Toubro is Rs 1443.75. ICICI Direct recommended to keep a stoploss at Rs 1310 .

Larsen & Toubro Ltd, incorporated in the year 1946, is a Large Cap company with a market cap of Rs 200233.40 Crore, operating in Construction sector.

Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Commission, Lease Rentals and Engineering for the year ending 31-Mar-2020.

Financials

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

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