Buy Larsen & Toubro, target price Rs 2225: Yes Securities

Yes Securities has buy call on Larsen & Toubro with a target price of Rs 2225. The current market price of Larsen & Toubro Ltd. is Rs 2054.2.
Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 288363.90 Crore) operating in Construction sector.
Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Services, Other Operating Revenue, Property Development, Service (Engineering), Commission and Lease Rentals for the year ending 31-Mar-2022.

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 43501.14 Crore, up 19.02 % from last quarter Total Income of Rs 36547.92 Crore and up 23.22 % from last year same quarter Total Income of Rs 35305.04 Crore. Company reported net profit after tax of Rs 2819.20 Crore in latest quarter.
Investment Rationale
Triple top buy post a bullish anchor column on P&F chart implies continuation of recent momentum

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.09 per cent, DIIs 34.62 per cent.
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