Brokerage firm Macquarie has maintained an 'outperform' rating on Larsen and Toubro (L&T) with a target price of Rs 1,370.
In its latest report, the company said that it is confident about the outlook on L&T because of its strong pipeline, strong order inflow and funding getting sourced.
Therefore, on the back of attractive valuations, Macquarie projects a 20 percent upside for L&T from the current levels.
Watch full video for more details
To watch other videos in this series, click on the Standout Brokerage report tab below.