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.
CNBC-TV18’s Nimesh Shah has more details.
To watch other videos in this series, click on the Standout Brokerage Report tab below.
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.
First Published: Mar 8, 2021 10:13 AM IST
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