Buy Larsen & Toubro, target price Rs 4179: Geojit

Geojit has buy call on Larsen & Toubro with a target price of Rs 4179. The current market price of Larsen & Toubro Ltd. is Rs 3776.1.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 516145.48 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 56040.46 Crore, down -17.73 % from last quarter Total Income of Rs 68120.42 Crore and up 14.30 % from last year same quarter Total Income of Rs 49027.93 Crore. Company reported net profit after tax of Rs 3440.11 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 45.7 per cent, DIIs 77.76 per cent.