Global brokerages have maintained their rating on Larsen and Toubro (L&T) despite its increase in PAT during the June 2024 quarter.
The company reported a 12 per cent rise in net profit at Rs 2,786 crore on July 24, 2024.
The company reported a 12 per cent rise in net profit at Rs 2,786 crore on July 24, 2024.
Here are the brokerages' recommendations along with ratings and targets:
Brokerages recommend buying L&T stock
Jefferies recommends buying L&T shares for a target of Rs 4,165.
Citi has a 'buy' call on the L&T stock with a target of Rs 4,396.
Nomura also recommends buying the stock rating and gave a target of Rs 4,000.
JPMorgan has maintained an 'overweight' rating on Larsen & Toubro shares with a target of Rs 3,857.
The brokerage has maintained an 'outperform' rating with a target of Rs 3,800.
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