Anil Singhvi decodes L&T numbers, says guidance reinforces confidence among investors

Zee Business Managing Editor Anil Singhvi said that the guidance given by Larsen & Toubro (L&T) after its Q4 numbers indicates that it is confident about India's Economic Growth. The guidance given by L&T highlights company's confidence, belief and faith that they have on the infrastructure and engineering sector growth within the country.

Singhvi said that compared to last year, this year the lockdown measures are quite relaxed. Mumbai Police and Government understand that Corona issues are here to stay for long. They want people to take care of their health; businesses should ensure that they can continue their work but avoid gathering more people.

See Zee Business Live TV Streaming Below:

Singhvi said that work at any construction site was not stopped this year. The guidance given by L&T matters a lot, giving a strong picture about the Indian Economy. Also, 1 or 2 months of impact on the business will not change the major growth forecast of the Indian Economy as long term growth prospects are extremely strong.

कैसे रहे L&T के नतीजे?

कैसा है L&T का गाइडेंस?

जानिए नतीजों का विश्लेषण अनिल सिंघवी से...#EditorsTake #ResultsOnZee #LarsenToubro @AnilSinghvi_ pic.twitter.com/R8ZNNezeQF

— Zee Business (@ZeeBusiness) May 17, 2021

The Market Guru said that last year, workers were migrating from bigger cities to smaller cities due to lockdown, while this year workers are migrating from smaller cities to bigger cities for treatment. Singhvi said that Brokerages have upgraded the stock up to levels of Rs 2000. L&T and the whole capital goods sector and stocks in Infra and Engineering sector will remain in focus today on guidance given by L&T.