Larsen and Toubro Valuation by BNP Paribas | Indian Stocks to Make You a Millionaire
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Larsen and Toubro Valuation by BNP Paribas

Posted By On 8:49 PM Under

1. Larsen and Toubro has given a REDUCE rating on L&T due to its lower order intake and elongation of the execution cycle of existing orders.

2. BNP Paribas has given target of Rs 536 for the stock based on their SOTP valuation (INR460 from standalone based on 8.5x FY10E EBITDA + INR76 from subsidiaries.

3. Though the rating for the stock is in contrast but now one need to trade in this stock with caution in view of such dismal view by one of the brokerage houses for this Indian stock.

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