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Goldman downgrades L&T to 'neutral'

Source : REUTERS
Last Updated: Mon, Sep 24, 2012 07:16 hrs
A Delhi Metro Rail Corporation employee works at the final tunnelling breakthrough of Qutub Minar and Saket stations in New Delhi

Goldman Sachs downgraded Larsen & Toubro to "neutral" from "buy", saying the stock was trading above historical median valuations even as the macro economic environment remained "tough."

However, Goldman said it continues to be a stronag believer in the long-term growth potential for L&T.

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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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