Markets

Buy Larsen & Toubro, target Rs 1,575: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Larsen & Toubro Ltd. with a target price of Rs 1575. The current market price of Larsen & Toubro Ltd. is Rs 1563.4. Time period given by the analyst is Intra Day when Larsen & Toubro Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1545.
Larsen & Toubro Ltd., incorporated in 1946, has a market cap of Rs 219359.29 crore.
Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work which contributed Rs 66978.07 Crore to Sales Value (89.76 % of Total Sales), Income from Manufacturing and Trading Activities which contributed Rs 5575.56 Crore to Sales Value (7.47 % of Total Sales), Other Operating Revenue which contributed Rs 1042.08 Crore to Sales Value (1.39 % of Total Sales), Other Services which contributed Rs 666.64 Crore to Sales Value (0.89 % of Total Sales), Commission which contributed Rs 159.80 Crore to Sales Value (0.21 % of Total Sales), Property Development which contributed Rs 96.68 Crore to Sales Value (0.12 % of Total Sales), Lease Rentals which contributed Rs 74.08 Crore to Sales Value (0.09 % of Total Sales) and Engineering which contributed Rs 18.74 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 44933.96 Crore, up 25.83 % from last quarter Sales of Rs 35708.87 Crore and up 10.46 % from last year same quarter Sales of Rs 40678.10 Crore Company has reported net profit after tax of Rs 3916.13 Crore in latest quarter. The companys top management includes Mr.A M Naik, Mr.Adil SiRead More – Source