L&T bags order worth Rs. 2,080 crore - Angel Broking

Larsen & Toubro (L&T) has bagged new orders worth Rs. 1,385cr in the building segment for the construction of residential towers in various cities in North India. In the power T&D segment, the company has bagged orders worth Rs. 585cr from various customers including a major order from Bangalore Metrorail Corporation (BMRC) and Power Grid Corporation of India. Also, L&T has bagged orders worth Rs. 110cr from various ongoing jobs in water and solar and infrastructure business.

We continue to maintain our Buy rating on the stock with a target price of Rs. 1,788.

Source : Equity Bulls

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