ICICI Securities has given Buy recommendation for Larsen and Toubro recommended buy rating on the stock with a target price of Rs 1760 in its resea with a target price of Rs. 1760 in its research report issued on Jun 30, 2021
ICICI Securities research report on Larsen and Toubro
We hosted Larsen & Toubro (L&T) at ICICI Securities Virtual ESG Conference’21 on 25th Jun’21. The representatives elaborated on the various initiatives taken in terms of water conservation, steps to reduce electricity consumption, carbon neutrality, etc.
Outlook
An insight into the company’s defence business was also provided. Factoring-in the change in market cap of subsidiaries, we raise the target price for L&T to Rs1,760 (earlier Rs1,670).