28 August 2011

Goldman Sachs::Industrials - Larsen & Toubro Ltd. ( Buy) target price: Rs1,953, 26% potential upside

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Larsen & Toubro Ltd.
> Valuation mostly inline with 5-yr median valuations
> Given the strong growth prospects, current valuations are attractive – in our view

Stock now trading close to historical median valuation


L&T’s strong order book gives us confidence in our
attractive view on the stock



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