Buy L&T With Stop Loss Of Rs 1600
Technical analyst Hemant Thukral has maintained 'buy' rating on Larsen & Toubro Limited (L&T) stock with a medium term target of Rs 1840.
According to analyst, the investors can purchase the stock at around Rs 1650-1660 with a stop loss of Rs 1600.
The stock of the company, on January 14, closed at Rs 1709.35 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 2212 and a low of Rs 1395.50 on BSE.
Current EPS & P/E ratio stood at 56.10 and 30.05 respectively.
On Jan 13, L&T made delivery of the first four dry shielded canisters for transnuclear as part of contracts for three major American nuclear power facility operators to be made in line with the US Code of Federal Rules and Nuclear Safety Class 1 measures.
Presently, Larsen & Toubro Limited is the only Indian maker empowered by ASME to make use of N, NPT, NA stamps and NS Certification for permitting design and fabricaion and creation of nuclear island equipment according to American regulations.
In a major landmark for power facility invention in the country, a JV of Larsen & Toubro and Mitsubishi Heavy Industries kicked off India's primary private segment facilities for the production of supercritical boilers as well as turbine generators at Hazira, Surat.