Buy Larsen & Toubro, target price Rs 2225: Yes Securities

Yes Securities has purchase name on Larsen & Toubro with a target price of Rs 2225. The present market price of Larsen & Toubro Ltd. is Rs 2054.2.

Larsen & Toubro Ltd., included within the yr 1946, is a Large Cap firm (having a market cap of Rs 288363.90 Crore) working in Construction sector.

Larsen & Toubro Ltd. key Products/Revenue Segments embrace Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Service (Engineering), Commission and Lease Rentals for the yr ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the corporate reported a Consolidated Total Income of Rs 43501.14 Crore, up 19.02 % from final quarter Total Income of Rs 36547.92 Crore and up 23.22 % from final yr similar quarter Total Income of Rs 35305.04 Crore. Company reported web revenue after tax of Rs 2819.20 Crore in newest quarter.

Investment Rationale
Triple prime purchase put up a bullish anchor column on P&F chart implies continuation of latest momentum


Promoter/FII Holdings
Promoters held 0 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 21.09 per cent, DIIs 34.62 per cent.

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