Sharekhan is bullish on Larsen and Toubro (L&T) and has recommended buy rating on the stock with a target of Rs 2011 in its June 27, 2011 research report.
“Larsen and Toubro (L&T), after the announcement of its Q4FY2011 results, Larsen and Toubro (L&T) has so far announced order inflow of Rs9,676 crore with the real estate sector leading with a 42% contribution. The orders from the road sector contributed 27%, metallurgy 14%, power transmission and distribution (T&D) 14% with the balance orders coming from the coal-handling sector. Of these, the T&D orders have been bagged from countries in the Gulf region. These order announcements have been very encouraging as compared to that in Q1FY2011 when it had announced the bagging of orders worth Rs4,773 crore post-Q4FY2010 results (the actual order inflow during Q1FY2011 stood at Rs15,626 crore). Please note that the orders bagged during a quarter were historically much higher than the orders announced. Accordingly, we feel that the company is on track to achieve the required quarterly run rate of at least Rs17,000 crore for Q1FY2012. The company has indicated a robust year-on-year (Y-o-Y) growth of 15-20% in order inflow for FY2012 on the back of the bids in the pipeline and the opportunities available in the hydrocarbon, power and infrastructure space.
src-mc & Rediff
3 comments:
If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan
I found your site while stumbling. allowed me to really understand this issue. I really learned a lot from your site. You are doing good work! I really loved reading your blog. It was very well authored and easy to understand. NIFTY SURE TIPS
These trading calls posted in this blog act as a good support in trading and many traders take help from this and if you want trading tips then you need to visit Stock Tips.
Post a Comment