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Standout Brokerage Report: Macquarie maintains 'outperform' rating on L&T. Here's why

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Brokerage firm Macquarie has maintained an 'outperform' rating on Larsen and Toubro (L&T) with a target price of Rs 1,370.

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.
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