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ICICI Direct has a buy call on Larsen & Toubro (L&T) with a target price of Rs 1610 for a time frame of 3 months. The current price of Larsen & Toubro is Rs 1443.75. ICICI Direct recommended to keep a stoploss at Rs 1310 . Larsen & Toubro Ltd, incorporated in the year 1946, is a Large Cap company with a market cap of Rs 200233.40 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, Commission, Lease Rentals and Engineering for the year ending 31-Mar-2020.
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These orders include two EPC orders from two solar photovoltaic units of 200 mw each in Gujarat. L&T will be responsible for designing, engineering, supply, construction, testing, commissioning and operations and maintenance of the grid connected solar power units.