Should you buy, sell or hold L&T stock?

Ankur Gupta

Jul 25,2024

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.

L&T Q1 Results

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 'overweight' on L&T

JPMorgan has maintained an 'overweight' rating on Larsen & Toubro shares with a target of Rs 3,857.

Bernstein has maintains 'outperform' on L&T

The brokerage has maintained an 'outperform' rating with a target of Rs 3,800.

Disclaimer:  The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.