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Buy Larsen & Toubro, target price Rs 2246: HDFC Securities


HDFC Securities has buy call on Larsen & Toubro with a target price of Rs 2246. The current market price of Larsen & Toubro Ltd. is Rs 1706.6.

Time period given by analyst is one year 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 241149.59 Crore) operating in Construction sector.

Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Operating Revenue, Other Services, Commission, Service (Engineering), Lease Rentals and Property Development for the year ending 31-Mar-2021.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 29982.70 Crore, down -38.96 % from last quarter Total Income of Rs 49116.16 Crore and up 36.05 % from last year same quarter Total Income of Rs 22037.37 Crore. Company reported net profit after tax of Rs 1556.18 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 24 per cent, DIIs 32.5 per cent and public and others 43.5 per cent.

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