Solid stock, best sector L&T

1617 views 4 replies

Guest

Solid stock, best sector L&T

L&T

Price: 3008

Yearly high : 3249 yearly low: 1136 P/E:53

Profit records in Rs crore

Sep 2006: 201

Dec 2006: 343

Mar 2007: 700

Jun 2007: 376

L&T market leader in EPC entering into pure power generation which is going to be high growth sector in next five years. L&T has launched new company L&T Power Projects.

The co. has bid for mega projects, coming in a big way. Buy this stock and remain invested for two years. Best stock in best sector. Since market is expected to see some correction buy at every dip.

www.vbulls.com

Replies (4)

praveen

employee

173 Points Joined October 2007

gud research the company is going to get order for manufacture and maintenance of 27 sub marines in next 3 months from the govt. the oder is for 140000 crores which is 4 times bigger than current order book size.keep an eye anytime news may come out and stock will hit the roof

Ankit Dangayach

Chartered Accountant

691 Points Joined September 2007

No doubt that larsen & toubro is good investment bet even at the current level because it is the largest construction company in the country & infrastructure sector will remain the top priority area for the GOvernment in a infrastructure deficient country like india. Besides this next year we can see the ipo of Larsen & Toubro Infotech which will result in value unlocking of company shares.Comany huge capex plans in Ship building business & Because of Defence offset clause it will get huge orders for civilian & army vessels and Oil Rigs in near future .Moreover recently it forms a JV for manufacturing super critical Boilers which will help it in bidding for ultra mega power projects.it will continue to benefit from huge power sector investment which will come in future. happy Investing