Why can L & T shares come up to 40% faster?

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Ideal Stock Research Group are confident about the shares of Larsen and Toubro (L & T). According to him, stocks of L & T could rise up to 15 to 40 per cent. The company had delivered better results than expected in the September quarter.

Larsen Ent Tubro has reported an increase of 28 percent in net profits in its results presented on Wednesday. The net profit of the company is Rs 2,593 crore. On Friday, L & T’s shares rose to 1.83 per cent on BSE. On Monday, the shares of the company were broken up to three-fourths of the shares.

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Brokerages believe that the share of the decline is low. Improved recovery of good work and capital expenditure will strengthen the company. CLSA advised to buy shares with target price of Rs 1,730. It is about 30 percent above Monday’s price.

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