Larsen and Toubro shares took a beating yesterday after Credit Suisse
downgraded the stock to under-perform from neutral, saying an
increasing share of orders from West Asia will narrow operating margin.
However we at First Choice IPO do not think so. We are bullish on the stock in the medium to long term and recommend to accumulate at current level.
L&T’s shares lost 3.73% to Rs837.25,while the
benchmark Sensex lost just 0.64% to 20,415.51 points.
Credit Suisse expects L&T to cut its guidance of flat margins for the
2014 fiscal.However we at First Choice IPO do not think so. We are bullish on the stock in the medium to long term and recommend to accumulate at current level.
who is we? I think only one person operates this blog. Is this another way of avoiding responsibility?
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