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Shares of Larsen & Toubro (L&T) today surged 2% to the day’s high of Rs 3,555 on BSE after the global brokerage firm JP Morgan initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 4,360, an upside potential of 25%. The global brokerage firm believes that the stock seems … Read more
Mutual fund investment: Baroda BNP Paribas Large Cap Fund has recently completed 20 years. Established in 2004, this open-ended equity scheme primarily focuses on investing in large cap stocks and has consistently provided impressive returns to its investors over the years. The large cap fund has historically demonstrated strong performance. Since its inception, the fund … Read more
Mirae Asset Investment Managers has announced the withdrawal of the existing temporary suspension on subscription through the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), switch-ins & lumpsum in Mirae Asset Large and Midcap Fund (‘the Scheme’) and enabling other facilities from August 1, 2024. The fund will resume accepting subscriptions through Systematic Investment Plans … Read more
New Delhi: Fitch Ratings said it has affirmed ‘BBB+’ rating with a stable outlook on Larsen & Toubro and stressed that the ratings indicate strong financial structure and sound financial flexibility of the company. “Fitch Rating has assigned India’s Larsen & Toubro Limited (L&T) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of ‘BBB+’. … Read more
Foreign institutional investors (FIIs) continued their selling spree on Thursday, offloading Indian equities worth Rs 6,867.72 crore even as domestic buyers remained net buyers at Rs 3,718.38 crore. Notwithstanding the sell-off by foreign investors, Indian headline indices on Thursday ended in the green for the second day in a row aided by strong gains in … Read more
Mumbai: Edelweiss Alternatives’ Infrastructure Yield Plus acquired L&T Infrastructure Development Projects (L&TIDPL), which includes seven operational roads and one power transmission asset in India. Larsen & Toubro held a 51% stake in L&TIDPL, while the Canada Pension Plan Investment Board (CPP Investments) owned the remaining 49%. With this transaction, Edelweiss will have a total of … Read more
Larsen & Toubro, part of the civil construction industry, has managed to bounce back from its 50-DMA on the daily charts and is on track to make a fresh record high in the next 2-3 months, suggest experts. The stock, also part of the S&P BSE Sensex, hit a fresh record high of Rs 2297 … Read more
Engineering behemoth Larsen & Toubro is expected to report a good set of numbers for the December quarter on Monday, backed by better execution in the mainstay infrastructure segment and strong order inflows. Operational performance is also seen improving sequentially on the back of cooling commodity prices. Operating profit is seen rising over 18% YoY … Read more
Mumbai: ICICI Direct expects the Nifty to touch 21,400 in 2023 and 50,000 by 2030. The retail broker’s 2023 target implies an upside of 16.2% from the current levels. Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include (target ₹660), Bosch (target … Read more