L&T is in diversified business activities with a great future potential. It is also cost effective & profitable. “The management is highly professional and it is not a family business. The company is expected to do very well due to its presence and dominance in most of the infrastructure-related areas,” informs Atul Surana, Certified Financial Planner & MD of Mangalore-based Catalyst Financial Planning.
OUR RECOMMENDATION :
L&T has always been an investors delight. Buy on dips and hold for a target price of 2500 in a years time. The stock is consolidating around 1600 levels and is poised to jump to next level after the Q3 results.
In a weak market it does not all much unlike other stocks which gives a support to move up once the market trend moves up
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Equity Research Division
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