HomeMarket NewsStocks NewsStandout Brokerage Report: Goldman Sachs raises target price on L&T; Here's why

Standout Brokerage Report: Goldman Sachs raises target price on L&T; Here's why

Goldman Sachs has a buy rating on Larsen and Toubro (L&T) but now it has added the stock to its conviction list. The global brokerage house has also raised the target price on L&T to Rs 2,055 from Rs 1,650.

Profile image

By Nimesh Shah  March 8, 2021, 10:28:15 AM IST (Updated)

Standout Brokerage Report: Goldman Sachs raises target price on L&T; Here's why
Goldman Sachs has a buy rating on Larsen and Toubro (L&T) but now it has added the stock to its conviction list. The global brokerage house has also raised the target price on L&T to Rs 2,055 from Rs 1,650.


According to Goldman Sachs, with execution picking up, order flows coming in, the topline of L&T can grow at 16 percent CAGR between FY21 and FY24 versus the 6 percent in the last three years.

CNBC-TV18’s Nimesh Shah has more details.

To watch other videos in this series, click on the Standout Brokerage Report tab below.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!