Buy Larsen & Toubro, target price Rs 3560: ICICI Direct

ICICI Direct has buy call on Larsen & Toubro with a target price of Rs 3560.0. The current market price of Larsen & Toubro Ltd. is Rs 3008.7.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 413810.84 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, Commission, Service (Engineering) and Lease Rentals for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 52157.02 Crore, up 6.38 % from last quarter Total Income of Rs 49027.93 Crore and up 19.90 % from last year same quarter Total Income of Rs 43501.14 Crore. Company reported net profit after tax of Rs 3855.55 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 25.72 per cent, DIIs 37.03 per cent.