Should you buy, hold or sell L&T shares after a mixed Q4 show? Brokerages revise targets
Should you buy, sell or hold Larsen & Toubro shares post Q4 results? Post Engineering and Construction Major's Q4 earnings report, major brokerages have revised targets on the L&T stock.
Larsen & Toubro share price target, L&T share price target: Larsen & Toubro (L&T) reported a 10.2 per cent increase in consolidated net profit at Rs 4,396.12 crore in the March 2024 quarter on the back of higher income. Post Engineering and Construction Major's Q4 earnings report, major brokerages have revised targets on the L&T stock.
(Image: Reuters and others)
(with PTI inputs)
Larsen & Toubro share price target
L&T share price target
Jefferies has maintained a buy call on Larsen & Toubro. The brokerage, however, has trimmed the target to Rs 3,970 from Rs 4,135.
Is Larsen and Toubro a good share to buy?
L&T share price target
CLSA has also retained a buy call with a reduced target of Rs 4,151 from Rs 4,260. The brokerage highlighted the following key points:
-FY25 guidance drives a rise in inflows and execution; lower margins
-Key positives in FY24 were a big beat to order inflows guidance, driving new orders up 39 per cent YoY & robust core execution up 27 per cent YoY
Is L&T a good stock to buy?
L&T share price target
Goldman Sachs has continued with a buy call with a target cut to Rs 3,600 from Rs 3,900.
L&T share price target
L&T share price target
Citi has maintained a buy call on the L&T stock. The brokerage has raised the target to Rs 4,396 from Rs 4,373. The brokerage highlighted the following key points:
-Reported not only a strong 4Q but also gave healthy FY25 guidance
-NWC surprised hugely positively by falling to 12 per cent of revenue from 16 per cent in FY23.
-Not unduly concerned by flat margin guidance.
L&T dividend 2024
L&T dividend 2024
L&T's board of directors also recommended a final dividend of Rs 28 per equity share for FY24.
What does Larsen & Toubro do?
What does Larsen & Toubro do?
Larsen & Toubro is an Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services. It operates in over 50 countries.