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Buy Larsen & Toubro, price target Rs 1,310: CK Narayan

The analyst suggested a stoploss at Rs 1265

Updated: Dec 11, 2019, 08.59 AM IST
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CK Narayan of Chart Advise has a buy call on Larsen & Toubro Ltd. with a target price of Rs 1,310. The current price of Larsen & Toubro Ltd. is Rs 1279.1 Time period given by the analyst is Intra Day when Larsen & Toubro Ltd. price can reach defined target. CK Narayan recommended to keep a stoploss at Rs 1265 .

Larsen & Toubro Ltd., incorporated in 1946, has a market cap of Rs 179532.09 crore.
Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work which contributed Rs 77799.03 Crore to Sales Value (89.43 % of Total Sales), Income from Manufacturing and Trading Activities which contributed Rs 6238.01 Crore to Sales Value (7.17 % of Total Sales), Other Operating Revenue which contributed Rs 1145.98 Crore to Sales Value (1.31 % of Total Sales), Other Services which contributed Rs 933.61 Crore to Sales Value (1.07 % of Total Sales), Property Development which contributed Rs 642.08 Crore to Sales Value (0.73 % of Total Sales), Commission which contributed Rs 160.16 Crore to Sales Value (0.18 % of Total Sales), Lease Rentals which contributed Rs 58.93 Crore to Sales Value (0.06 % of Total Sales) and Engineering which contributed Rs 10.06 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 35328.45 Crore, up 19.21 % from last quarter Sales of Rs 29635.95 Crore and up 15.16 % from last year same quarter Sales of Rs 30678.13 Crore Company has reported net profit after tax of Rs 2730.39 Crore in latest quarter.

The company’s top management includes Mr.A M Naik, Mr.Adil Siraj Zainulbhai, Mr.Ajay Shankar, Mr.Arvind Gupta, Mr.D K Sen, Mr.Hemant Bhargava, Mr.Jayant Damodar Patil, Mr.M Damodaran, Mr.M M Chitale, Mr.M V Satish, Mr.Narayanan Kumar, Mr.R Shankar Raman, Mr.S N Subrahmanyan, Mr.Sanjeev Aga, Mr.Shailendra Narain Roy, Mr.Subodh Bhargava, Mr.Subramanian Sarma, Mr.T Thomas Mathew, Mr.Vikram Singh Mehta, Mrs.Naina Lal Kidwai, Mrs.Sunita Sharma. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2019, the company has a total of 1,403,265,582 shares outstanding.

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