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    Add Larsen & Toubro, target price Rs 1254: ICICI Securities

    Synopsis

    Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 170688.52 Crore) operating in Construction sector.

    Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.1 per cent, DIIs 35.5 per cent and public and others 45.4 per cent.

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    ICICI Securities has add call on Larsen & Toubro with a target price of Rs 1254. The current market price of Larsen & Toubro Ltd. is Rs 1221.5.

    Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 170688.52 Crore) operating in Construction sector.

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 31034.74 Crore, up 45.98 % from last quarter Sales of Rs 21259.97 Crore and down -12.15 % from last year same quarter Sales of Rs 35328.45 Crore. Company reported net profit after tax of Rs 5876.54 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.1 per cent, DIIs 35.5 per cent and public and others 45.4 per cent.
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