HDFC Securities Buy Call to Larsen & Toubro Share – Target Price Rs. 2296 / –
HDFC Securities has set a target price of Rs. By call has been given keeping Rs. 2296 / -. The current market price of this stock is Rs. 1560.75 / -. The period for this is 1 year and during this time the stock will reach the expected value.
This company was established in 1946 and is working in the field of construction. The company gets income from construction works, production and trade, other operating revenue, commissions, services, lease rent, property development. At the end of March 2022, the company had a net profit of Rs. 53366.26 / – crore, an increase of 32.97%.
Increased costs in the project and manufacturing business and delays in claim certification have reduced gross margin by 95 basis points. The company’s focus is expected to be huge turnover under the 2026 plan.
At the end of March 2022, promoters have 0%, FII 22.42%, DII 33.5% shareholders.
Larsen & Toubro
