larsen & toubro (UBS) Robust orders, Strong guidance

Beats expectations led by robust margins; Large order backlog provides growth visibility; Strong guidance for FY12: 25% growth in revenues, 15-20% in orders; Valuation: Maintain Buy; Top pick in Indian infrastructure space
Date Rating Target Price Recommendation Price Broker house
20 May 2011 buy 2100 1594 UBS Report

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