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Sell Larsen Toubro, target Rs 1240: Manas Jaiswal

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Manas Jaiswal of manasjaiswal.com has a sell call on Larsen Toubro Ltd.

with a target price of Rs 1240.0 .

The current market price of Larsen Toubro Ltd.

is Rs 1278.1 Time period given by the analyst is Intra Day when Larsen Toubro Ltd.

price can reach the defined target.

Manas Jaiswal recommended to keep stoploss at Rs 1300.

Larsen Toubro Ltd., incorporated in 1946, is a largecap company with a market cap of Rs 179217.78 crore. Larsen Toubro Ltd.

key Products/Revenue Segments include Income From Construction Work which contributed Rs 66978.07 Crore to Sales Value (89.76 % of Total Sales), Income from Manufacturing and Trading Activities which contributed Rs 5575.56 Crore to Sales Value (7.47 % of Total Sales), Other Operating Revenue which contributed Rs 1042.08 Crore to Sales Value (1.39 % of Total Sales), Other Services which contributed Rs 666.64 Crore to Sales Value (0.89 % of Total Sales), Commission which contributed Rs 159.80 Crore to Sales Value (0.21 % of Total Sales), Property Development which contributed Rs 96.68 Crore to Sales Value (0.12 % of Total Sales), Lease Rentals which contributed Rs 74.08 Crore to Sales Value (0.09 % of Total Sales) and Engineering which contributed Rs 18.74 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 35708.87 Crore, up 11.31 % from last quarter Sales of Rs 32080.83 Crore and up 24.22 % from last year same quarter Sales of Rs 28747.45 Crore Company has reported net profit after tax of Rs 2418.75 Crore in latest quarter.

The company’s top management includes Mr.A M Naik, Mr.Adil Siraj Zainulbhai, Mr.Ajay Shankar, Mr.Akhilesh Krishna Gupta, Mr.Arvind Gupta, Mr.D K Sen, Mr.Hemant Bhargava, Mr.Jayant Damodar Patil, Mr.M Damodaran, Mr.M M Chitale, Mr.M V Satish, Mr.Narayanan Kumar, Mr.R Shankar Raman, Mr.S N Subrahmanyan, Mr.Sanjeev Aga, Mr.Shailendra Narain Roy, Mr.Subodh Bhargava, Mr.Subramanian Sarma, Mr.T Thomas Mathew, Mr.Vikram Singh Mehta, Mrs.Naina Lal Kidwai, Mrs.Sunita Sharma.

Company has Deloitte Haskins Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 1,402,220,289 shares outstanding.




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