What is Likely Target for Larsen & Toubro?

One can monitor brokerage houses for the recommendation given by them for the stocks. However, donot take every thing at the face value as they have their own hidden agendas too.

Jefferies maintains 'Buy' on L&T, target at Rs 2,455 

🔸Buy call, target at Rs 2,455 per share

🔸Buoyant equity markets helping company with its monetisation drive 

🔸Management is focussed on selling assets at a reasonable valuation

🔸Over 1-3 years, Nabha Power & Hyderabad metro are incremental ones being targetted

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JPMorgan Brokerages view on L&T

-Overweight call, Target at Rs 2,200 per share
-L&T/CPPIB together will divest 51 percent/49 percent stake in L&T IDPL
-L&T IDPL houses 14 road projects and one transmission project
-Assets have a negligible contribution to L&T's P&L
-Divestment underscores its commitment to recycling balance sheet & asset-light growth.

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