Sharekhan’s buy recommendation

Sharekhan’s buy recommendation
L&T bags Rs 1250 Crore order - 'Buy' L&T : Sharekhan
Larsen & Toubro Ltd has been awarded a Rs 1,250 crore project by Oil & Natural Gas Corporation (ONGC), India.
Technical Analyst, Ashwani Gujral recommended 'buy' on Larsen and Toubro, for long term.
with target price of Rs 4428 (25% gain). Infrastructure boom and strong growth in industrial capex will push L&T stock price up. L&T is foraying into new areas like ship building, nuclear, thermal power, defense, and railways.
CMP : Rs 3,553.05 on Feb 19
52 Week Highs : 4,670.00 Lows : 1,450.00 P/E 54.36
Profit history:
...................2005.........2006..............2007
Net Sales....189.71......14,776.95......17,645.29
Net Profit....983.85......1,012.14........1,403.02

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