Larsen & Toubro Ltd. | Update on L&T Order Wins: Do current Trends see signs of revival?
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L&T has publicly reported order wins to the tune of Rs 143 bn during Q2FY13E. On a whole, we expect the company to report ~Rs 165 bn worth of project wins in Q2FY13E.... After taking in to account recent reform announcements, there exists a possibility for the company to attain lower end of its FY13E guidance. | Valuation:
At CMP of Rs 1,630, L&T (on consolidated basis) is trading at FY13E and FY14E, P/E multiple of 18.7x and 16.8x, respectively.
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