Buy Larsen & Toubro Ltd with a target of Rs 1,600: Vivek Gupta
Revenues are expected to grow at a CAGR of 10-15% in next 3 financial years
By ET Online | Updated:
Tushar Pendharkar, Equity Strategist at Right Horizons Financial Services, says revenues are expected to grow at a CAGR of 10-15% in next 3 financial years
L&T has a robust order book which provides revenue visibility for the next 2-3 years. L&T is the most diversified engineering and infrastructure developer in India with a presence across all segments of infrastructure.
The company reported fairly good order inflow of nearRs 1 trillion during 9M-FY16 and also reported huge order backlog. Hence, revenues are expected to grow at a CAGR of 10-15% in next 3 financial years and that could be a key beneficiary of capital expenditure cycle recovery.
L&T has a robust order book which provides revenue visibility for the next 2-3 years. L&T is the most diversified engineering and infrastructure developer in India with a presence across all segments of infrastructure.
The company reported fairly good order inflow of nearRs 1 trillion during 9M-FY16 and also reported huge order backlog. Hence, revenues are expected to grow at a CAGR of 10-15% in next 3 financial years and that could be a key beneficiary of capital expenditure cycle recovery.
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