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272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
VIDEOS
Infrastructure

IIFL Institutional Equities recommends buy on L&T with target price of Rs 1,783

Updated : May 13, 2019 02:39 PM IST

Renu Baid, Vice President-Research, IIFL Institutional Equities in an interview with CNBC-TV18 analysed L&T's fourth-quarter results.

The house has a buy on dips rating on the stock with a target price of Rs 1,783 and it remains a top pick in the infra space, Baid said. The house has not changed its earnings estimate for L&T because it is already on the lower side, she said.

“We do bake in improvement in infra margins,” Baid added.

With regards to asset monetisation, she said the proposed acquisition of the group’s Electrical & Automation (E&A) business by Schneider Electric is expected to close by end of the first half of FY20 and Rs 10,000-11,000 crore can be received as cash inflow as a result of that deal.
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