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Larsen and Toubro, BHEL and NTPC Update

Posted By On 6:18 PM Under
1. L&T has got an order worth Rs 2,000 crore from Bombay Dyeing Mills for the development and thus one can say that in the capital goods sector, L&T can achieve a target of Rs 4,300 or so in the next 12-15 months provided the concerns addressed by me in previous post on L&T are ignored by the market.

2. I am also optimistic on BHEL and see it touching close to Rs 2,700 in the next 12 months.

3. One of the other favourite stocks of mine is NTPC for which now Merrill Lynch has issued a 'buy' rating; however it has lowered the price target to Rs 225 from Rs 242.


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