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L&T shares rise more than 2 pct

March 28, 2011

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.”

Do you think it is the right time to invest in this counter?

Comments

Do you mind sharing the targets for short medium and long term.

Thanks,

Posted by nayak.2007 | Report as abusive
 

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