Buy Larsen & Toubro, target price Rs 1760: ICICI Securities

ICICI Securities has buy call on Larsen & Toubro with a target price of Rs 1760. The current market price of Larsen & Toubro Ltd. is Rs 1510.3. Time period given by analyst is one year when Larsen & Toubro Ltd. price can reach defined target.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 213267.68 Crore) operating in Construction sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 49116.16 Crore, up 33.97 % from last quarter Total Income of Rs 36661.08 Crore and up 9.38 % from last year same quarter Total Income of Rs 44905.76 Crore. Company reported net profit after tax of Rs 3536.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of March 31, 2021, while FIIs held 22.4 per cent, DIIs 32.8 per cent and public and others 44.8 per cent.