Buy Larsen & Toubro, target price Rs 4000: Motilal Oswal

Motilal Oswal has buy call on Larsen & Toubro with a target price of Rs 4000. The current market price of Larsen & Toubro Ltd. is Rs 3315.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 489950.70 Crore) operating in Construction sector.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 55965.57 Crore, up 7.30 % from last quarter Total Income of Rs 52157.02 Crore and up 18.71 % from last year same quarter Total Income of Rs 47144.75 Crore. Company reported net profit after tax of Rs 3594.51 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.36 per cent, DIIs 38.06 per cent.