A maturing market amid the mayhem
L&T shares rise more than 2 pct
Shares in Larsen & Toubro gained 2.5 percent on Monday, helping Sensex post its 5th consecutive day of gains.
The stock ended at 1639.20 rupees and was the among top gainers of the 30-share Sensex.
“…we believe these near-term concerns are now priced in and the valuations are attractive,” UBS said in a note while reiterating its “buy” rating on the stock.
“In our view, L&T remains the key play on India’s structurally strong infrastructure growth story.”
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