Larsen & Toubro: Designed to deliver
With proven execution capability, the company is a good proxy for the expected pick up in the capex cycle
Conservative investors could buy the shares of engineering and construction giant, Larsen & Toubro (L&T). At the current market price of ₹1,118, the stock quotes at reasonable valuations. Its trailing price-to-earnings ratio of 25 times is below the three-year average of about 30 times. On a one-year and two-year forward basis, it quotesat about 24 and 20 times respectively. Unlike some o...
Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor
Comments to:
Copyright ©2017, The Hindu Business Line