Larsen & Toubro
Jitendra Kumar Gupta Moneycontrol Research Highlights Higher execution drives revenue growth Margins under pressure due to higher cost and delays Current order book provides strong revenue visibility Valuation attractive in the light of the strong order book and stable earnings The L&T stock has seen a steep correction in recent times — from the highs of Rs 2078 a share in January this year to Rs 1524 now. The stock slide has been fuelled by the overall market correction, worries about geopolitical conflicts, interest rates,...