Follow us on

CLSA raises India's L&T to 'outperform' on rate cuts, govt policy

Source : REUTERS
Last Updated: Fri, Jan 25, 2013 09:13 hrs
Diesel hike, QE3 boost Sensex, Nifty

CLSA upgraded Larsen & Toubro to "outperform" from "underperform", citing favourable policies from the government and expected interest cuts would be reflected in the company's earnings by the second half of fiscal 2013/14.

The upgrade came despite what the brokerage called "a mixed bag" from October-December earnings reported on Thursday, although with "more positives than negatives," including "a creditable job" in orderbook growth but "weak" operating performance.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance