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Larsen & Toubro (LART.BO)
Research Tactical Idea
We believe the share price will rise relative to the country index over the next 45 days.
This is because of an earnings release. L&T positively surprised us and the street on two out of three counts - order
inflows and margins for F4Q11. The market has been concerned on L&T's order inflows for F2011. The impressive
growth in F4Q11 order inflows (27% YoY) resulted in F2011 order inflow growth of 15% YoY, beating our and street
estimates of 13% YoY.
We estimate that there is about an 80%+ or "highly likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Larsen & Toubro (LART.BO)
Research Tactical Idea
We believe the share price will rise relative to the country index over the next 45 days.
This is because of an earnings release. L&T positively surprised us and the street on two out of three counts - order
inflows and margins for F4Q11. The market has been concerned on L&T's order inflows for F2011. The impressive
growth in F4Q11 order inflows (27% YoY) resulted in F2011 order inflow growth of 15% YoY, beating our and street
estimates of 13% YoY.
We estimate that there is about an 80%+ or "highly likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
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