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Sell L&T, price target Rs 1,230: Arun Kumar

The analyst suggested a stoploss at Rs 1312.

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Last Updated: Feb 18, 2020, 09.04 AM IST
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Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 179749.30 Crore) operating in Construction sector. 
Arun Kumar of Reliance Securities has a sell call on Larsen & Toubro Ltd. with a target price of Rs 1230.0 . The current price of Larsen & Toubro Ltd. is Rs 1280.5 . Arun Kumar recommended to keep a stoploss at Rs 1312 .

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 179749.30 Crore) operating in Construction sector.

Larsen & Toubro Ltd. key Products/Revenue Segments include 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), 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 31-12-2019, the company has reported a Consolidated sales of Rs 36242.68 Crore, up 2.59 % from last quarter Sales of Rs 35328.45 Crore and up 1.49 % from last year same quarter Sales of Rs 35708.87 Crore Company has reported net profit after tax of Rs 2703.57 Crore in latest quarter.

The company’s top management includes Mr.A M Naik, 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, Mr.N Kumar, Mr.M V Satish, Mr.Adil Siraj Zainulbhai, Mr.Ajay Shankar, Mr.Akhilesh Krishna Gupta, Mr.Arvind Gupta, Mr.D K Sen, Mr.Hemant Bhargava, Mr.Jayant Damodar Patil, Mr.M Damodaran, Mr.M M Chitale, Mrs.Sunita Sharma. Company has Deloitte Haskins & Sells LLP as its auditors As on 31-12-2019, the company has a total of 1,403,581,376 shares outstanding.

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