|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
Shares in Larsen & Toubro gain 2.6 percent after Goldman Sachs upgrades the stock to "buy" from "neutral".
Goldman cites cheaper valuations after L&T's recent under-performance against the broader index and the prospect of stable revenue growth over the medium term.
The investment bank also notes the government is expected to fast track an estimated $30 billion worth of infrastructure projects in fiscal 2013/14, while also pointing to other supportive factors such as an expected lower cost of financing.