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...
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