Buy Larsen & Toubro, target price Rs 2030: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Larsen & Toubro with a target price of Rs 2030. The current market price of Larsen & Toubro is Rs 1915.25.

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 270012.71 Crore) operating in Construction sector.


Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Service (Engineering), Commission and Lease Rentals for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 36547.92 Crore, down -31.51 % from last quarter Total Income of Rs 53366.26 Crore and up 21.90 % from last year same quarter Total Income of Rs 29982.70 Crore. Company reported net profit after tax of Rs 2293.01 Crore in latest quarter.




Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.09 per cent, DIIs 34.62 per cent.