Monday, September 28, 2009

Scrip: - Larsen & Tubro (LNT)

BSE Code: – 500510
CMP: – 1645
52 Week H/L: – 1,800.00 – 557.00


Larsen & Toubro Limited operates in four segments. The Engineering & Construction segment comprise execution of engineering and construction projects to provide solutions in civil, mechanical, electrical and instrumentation engineering to core sectors/infrastructure industries, shipbuilding and supply of complex plant and equipment to core sectors. The Electrical & Electronics segment comprises manufacture and sale of low-voltage switchgear and control gear, custom-built switchboards, petroleum dispensing pumps and systems, electronic energy meters/protection (relays) systems, control and automation products and medical equipment. The Machinery & Industrial Products segment comprises manufacture and sale of industrial machinery & equipment, marketing of industrial valves, construction equipment and welding/industrial products. Others include ready-mix concrete, property development activity, and engineering services and embedded systems.

A long term bet:

  • It is India’s largest Engineering and Construction giant.
  • L&T is the best managed company in India – Business Today survey.
  • Larsen and Toubro will benefit from huge infrastructure investments in India and Gulf regions.
  • Strong Order book.
  • L&T will be demerged into Power, IT, Ship building and Railway units along with engineering division. Investors will get very good returns after the demerger.
  • LNT is reported to recrute 10,000 people in 3 yrs. This is because of its expansion.
Technically the Stock Looks good:

Company has good financial. Good management also.
A safe bet for long term investors.

Thanks & Regards

S&P Wealth Creators


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