India News
Search Web Directory
 India News  
News Home
Motilal Oswal maintains ‘Buy’ on Larsen & Toubro; target price Rs 1,600
Posted on 11th January 2016
Domestic Engineering & Construction (E&C) is likely to witness a slowdown in execution in H2FY17 (+8 % in H1FY17) on account of demonetisation and continued execution challenges. The impact may linger longer for the ‘elite housing’ segment (6% of order book). We cut our FY17 order inflow estimates (+9% v/s +18% earlier) to factor in weak defense, infrastructure and power generation orders. We, however, expect a revival in FY18, led by higher government spending on infrastructure and defense. Maintain our ‘buy’ rating with a revised target price of Rs 1,600 ( 18x FY19E standalone EPS), adding Rs 490 for the subsidiaries.

Domestic infrastructure growth was subdued at 3% y-o-y due to extended monsoon, lack of clearances and payment delays.

Our dipstick survey on housing projects under construction by LT in Mumbai indicates that projects which are in advanced stages of construction or being built by reputed builders have seen minimal disruption. This, however, is not the case for newly launched projects or developers going through financial stress.

Our sensitivity analysis reveals that a delay in 50% of the projects would lead to a 4% earnings cut over FY17/FY18. LT’s FY17 order inflow growth guidance stands Rs 1.55 trn ( +15% y-o-y, H1FY17: 12%).

Related Companies: Larsen & Toubro Limited   

Other Latest News
 
The Sensex registered a good beginning on Tuesday as it recouped over 127 points after Monday's loss, with Asia providing a positive backdrop amid sustained foreign inflows.

The 30-share index was trading higher by 127.47 points, or 0.43%, at 29,364.62, with all indices led by technology, IT, power and healthcare trading in the green with gains up to 0.79%. The gauge had lost 184.25 points in the previous session.


 
Microsoft India is betting big on cyber security solutions for cloud adoption growth as Indian businesses seek better security.

More businesses are looking at hosting their applications on the cloud, shifting from the traditional IT infrastructure on-premise to improve efficiency and bring down costs. Firms are looking to move to a model from one-time expense for software licenses and IT hardware in the on-premise model to pay as you rent model on the cloud with upgrades thrown in during the usage period.


 
Sony India on Tuesday launched its new "world's fastest" SF-G Series SD card that comes with enhanced features specially designed for professional photographers and videographers.

With a write speed of up to 299MB per second, the SF-G Series supports maximum performance of digital imaging devices, contributing to longer continuous shoot of high-resolution images. It contributes to a shorter buffer clearing time as well.


 
Recognising the popularity of Truecaller, an application that identifies mobile numbers - ICICI Bank has partnered the Swedish communication company behind the app to enable in-app payments using the Unified Payments Interface.

According to ICICI Bank, Truecaller is the third-most used app in India and the new partnership will allow millions of users of the app in the country to instantly create a UPI id, send money to any UPI id or a mobile number registered with the BHIM app. It will also enable users to recharge their mobile number from within the Truecaller app itself.


 
Mumbai: The Securities and Exchange Board of India (Sebi) is drafting rules to monitor share transfer agents and registrars and improve their functioning, two people with direct knowledge of the matter said.

This comes a year after Sharepro Services (India) Pvt. Ltd, a share transfer agent, was found to have defrauded at least 10 companies including Britannia Industries Ltd, Asian Paints Ltd, Aptech Ltd, Tata Communications Ltd and Kansai Nerolac Ltd of Rs21.7 crore. Some of the companies also filed police petitions against Sharepro, and Sebi imposed an interim ban on the company.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on IndiaCatalog.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Motilal Oswal maintains ‘Buy’ on Larsen & Toubro; target price Rs 1,600
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Motilal Oswal maintains ‘Buy’ on Larsen & Toubro; target price Rs 1,600

Most Read News

Maruti Suzuki's breezy FY17 ride makes it BS Star MNC of the Year 2016

Morgan Stanley downgrades HDFC Bank, Axis Bank and ICICI Bank

Complaint against Microsoft Windows 10 in US, for destroying data and damaging computers

Ashok Leyland eyes stronger presence in logistics sector

Apollo Hospitals to restructure retail pharmacy business

More India News

India Resource Center
» Free India Classifieds
Introducing IndiaCatalog Free Classifieds. Post your free classified ads. Inviting Real Estate Agents, Travel Agents, Job Placement Agents and others to post their advertisements for free.
» Global Web Directory
Web directory listing of Global companies. Send enquiries to international companies.
» India Yellow Pages
Yellow Pages for Mumbai, Delhi, Bangalore, Chennai, Kolkota, Hyderabad, Pune and more Indian cites.
» Logistics Directory
Find supply chain management consultants, freight forwarders, trucking companies in India.
» Photo Gallery
This page provides you with links to images of India displaying Celebrities Photos,Automobiles Photos,latest Movies Photos,Sports Photos,Photos of Bollywood Stars and many more.
» Agriculture Directory
Find Fresh Vegitables, Fruits, Basmati Rice, Meat, Poultry and Seafood producers in India.
» Real Estate in India
Real Estate directory of India. Find agents, builders and suppliers.
» Gems & Jewellery
Find jewellery, gems and diamond merchants in India.
IndiaCatalog.com
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Safety Tips For Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory, India Free Classifieds
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement    
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement