Buy Larsen & Toubro, target Rs 1600: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Larsen & Toubro with a target price of Rs 1600. The current market price of Larsen & Toubro is Rs 1556.15 Time period given by analyst is Intra Day when Larsen & Toubro price can reach defined target. Manas Jaiswal recommended to keep a stop loss at Rs 1535. Larsen & Toubro , incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 218342.05 crore) operating in Construction sector.

Larsen & Toubro key Products/Revenue Segments include Income From Construction Work which contributed Rs 66978.07 crore to Sales Value (89.76 per cent of Total Sales), Income from Manufacturing and Trading Activities which contributed Rs 5575.56 crore to Sales Value (7.47 per cent of Total Sales), Other Operating Revenue which contributed Rs 1042.08 crore to Sales Value (1.39 per cent of Total Sales), Other Services which contributed Rs 666.64 crore to Sales Value (0.89 per cent of Total Sales), Commission which contributed Rs 159.80 crore to Sales Value (0.21 per cent of Total Sales), Property Development which contributed Rs 96.68 crore to Sales Value (0.12 per cent of Total Sales), Lease Rentals which contributed Rs 74.08 crore to Sales Value (0.09 per cent of Total Sales) and Engineering which contributed Rs 18.74 crore to Sales Value (0.02 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 44933.96 crore, up 25.83 per cent from last quarter Sales of Rs 35708.87 crore and up 10.46 per cent from last year same quarter Sales of Rs 40678.10 crore Company has reported net profit after tax of Rs 3916.13 crore in latest quarter. The company’s top management includes Mr.A M Naik, Mr.Adil Siraj Zainulbhai, Mr.Ajay Shankar, Mr.Akhilesh Krishna Gupta, Mr.Arvind Gupta, Mr.D K Sen, Mr.Hemant Bhargava, Mr.Jayant Damodar Patil, Mr.M Damodaran, Mr.M M Chitale, Mr.M V Satish, Mr.Narayanan Kumar, Mr.R Shankar Raman, Mr.S N Subrahmanyan, Mr.Sanjeev Aga, Mr.Shailendra Narain Roy, Mr.Subodh Bhargava, Mr.Subramanian Sarma, Mr.T Thomas Mathew, Mr.Vikram Singh Mehta, Mrs.Naina Lal Kidwai and Mrs.Sunita Sharma.