Buy LT, to hit Rs 1,800 in one year: PN Vijay

VK Sharma of HDFC Securities expresses his trading ideas on Larsen and Toubro (LT) and State Bank of India (SBI).

Larsen & Toubro (L&T), an engineering and construction conglomerate, recovered on Friday following loss of over nearly 12% in previous two sessions. For fourth quarter, it reported fall of 6.90% to Rs 17.88 billion as against expectations of Rs 19.44 billion.

Larsen and Toubro has clarified that the final dividend of Rs 18.50 per share is pre-bonus dividend per share on the existing capital (pre bonus share capital). Accordingly, the post-bonus dividend per share works out to Rs 12.33 per share.

Shares of Larsen & Toubro Limited today slumped by 6 per cent after the company reported 6.9 per cent decline in standalone net profit for the fourth quarter ended March, 2013. The infrastructure conglomerate's shares tanked over 6 per cent to Rs ...

Engineering major Larsen Toubro dropped another 3 percent today, after losing 5.5 percent in previous session due to lower than expected fourth quarter earnings.

Larsen & Toubro recorded Gross Revenue of INR 61471 crore for the year ended March 31, 2013, registering an increase of 14.4% on a YoY basis over the corresponding previous year. International Revenue at ` 12110 crore doubled as compared to the ...

: Larsen & Toubro Ltd. (L&T), on Wednesday, reported a 7 per cent decline in net profit at Rs.17.87 billion for the fourth quarter ended March 31, 2013, against Rs.19.20 billion in the year-ago period. Net sales improved by 10 per cent to Rs.202.93 ...

Phani Sekhar of Angel Broking said Rs 1,700 would be difficult to see on Larsen and Toubro in the short to medium term.

Shardul Kulkarni of Angel feels that, one can buy Larsen and Toubro (LT) once the stock moves back towards Rs 1,500 level.