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?

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


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