INSUBCONTINENT EXCLUSIVE:
Major brokerages voted in favour of Larsen Toubro as the engineering major's net profit rode on better project execution
The capital goods behemoth on Monday reported a 4.72 per cent rise in consolidated net profit at Rs 3,167.47 crore for the March quarter
It had clocked a net profit of Rs 3,024.61 crore in the same quarter last year.
Gross revenue increased 10.45 per cent to Rs 40,678.1 crore,
from Rs 36,827.99 crore previously.
For the current fiscal year, LT expects 10-12 per cent higher order inflow than FY18 and revenues at
According to the global brokerage firm, LT has given achievable guidance and the results "ticked all the right boxes"
Jefferies sees LT benefiting from micro improvements
We reiterate LT as top pick
Shares of LT were trading 2.31 per cent up at Rs 1,409.45 at around 10 am
The BSE Sensex was down 38 points, or 0.11 per cent, at 35,127 at around the same time.
