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Larsen and Toubro - L&T (Merrill Lynch BofA) L&T Finance PIPE deal adds only 1% to PO |
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L&T Finance places 4% equity @Rs3.3bn; Raise PO 1%; Buy;L&T Finance places 4% equity @Rs55/share in a PIPE deal;Improving execution, value creation at Subs key catalysts | Date | Rating | Target Price | Recommendation Price | Broker house | | 8 Jul 2011 | buy | 2100 (from 2070) | 1863 | Merrill Lynch BofA Report | |
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Larsen and Toubro - L&T (Goldman Sachs) LTFHL completes pre-IPO placement; Maintain Buy on L&T |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 8 Jul 2011 | buy | 2006 | 1861 | Goldman Sachs Report | |
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Larsen and Toubro - L&T (UBS) Finance sub Pre-IPO raises Rs3.3bn |
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Event: Finance sub raises Rs3.3bn via pre-IPO placement of 60m shares;Impact: provides benchmark valuations;Action: retain Buy rating, Top pick in Indian infrastructure space;Valuation: SOTP-based PT of Rs2,100 | Date | Rating | Target Price | Recommendation Price | Broker house | | 7 Jul 2011 | buy | 2100 | 1861 | UBS Report | |
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Larsen and Toubro - L&T (HSBC) Near-term concerns receding |
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Announced new orders during Q1 FY12 despite a strong Q4 have surprised us positively;We expect weak commodity prices during April-June 2011 to help margin pressure concerns recede;Retain OW and TP of INR2,187. We believe news of new orders will continue to catalyse the share price | Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jun 2011 | overweight | 2187 | 1739 | HSBC Report | |
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Larsen and Toubro - L&T (UBS) Strong order inflow announcements |
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Event: robust orders in the past two days, M-E to contribute strongly in FY12;Impact: we maintain 15% YoY order inflow growth estimate for FY12;Action: reiterate Buy rating, order inflow a key stock driver;Valuation: price target of Rs2,100, trading at lower end of band | Date | Rating | Target Price | Recommendation Price | Broker house | | 24 Jun 2011 | buy | 2100 | 1668 | UBS Report | |
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larsen toubro (HDFCSec) Q4FY11 Result Update |
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larsen toubro (DeutscheBank) 2011.05.20 change |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 20 May 2011 |
hold |
1660 (from 1725) |
-- |
DeutscheBank Report |
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larsen toubro (JPMorgan) Strong orders, targets could set the tone for better times |
L&T surprised markets by reporting record quarterly orders of Rs303B at the group level at its results yesterday; Mar-12 SOP-based PT of Rs2100
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 20 May 2011 |
overweight |
2100 |
1594 |
JPMorgan Report |
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larsen toubro (CreditSuisse) Analyst meet takeaways |
L&T reported 4Q adjusted PAT of ~Rs14.6 bn, up 9% YoY
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 20 May 2011 |
restricted |
-- |
1505 |
CreditSuisse Report |
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larsen toubro (UBS) Robust orders, Strong guidance |
Beats expectations led by robust margins; Large order backlog provides growth visibility; Strong guidance for FY12: 25% growth in revenues, 15-20% in orders; Valuation: Maintain Buy; Top pick in Indian infrastructure space
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 20 May 2011 |
buy |
2100 |
1594 |
UBS Report |
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