Amit Chadha, CEO of Larsen & Toubro Technology Services (LTTS), stated that the company s plans to hire an extra 2,000 personnel in the current fiscal year have been accelerated due to the rising demand for software defined vehicles.
The 3.8km-long proposed twin tunnel road will provide connectivity between Orange Gate, Eastern Freeway and Marine Drive on Mumbai’s coastal road. Each tunnel will have 2+2 lanes with one emergency lane.
ICICI Securities is bullish on Larsen and Toubro recommended buy rating on the stock with a target price of Rs 3141 in its research report dated September 08, 2023.
“Mutual funds missed the bus. Most of them are underweight PSUs, whether it was oil and gas or GAIL or NTPC. And now they are just catching up. If you hold these stocks, continue to hold them because they can rise higher. If you want to own them, then start nibbling in corrections.”