MARKET EYE-L&T needs to announce 54 bln rupees projects-Jefferies

Tue Dec 4, 2012 3:05pm IST

Related Topics

Stocks

   

* Jefferies says Larsen & Toubro Ltd needs to announce
additional projects worth 54 billion rupees this month to meet
expected order flow of 180 billion rupees for the third-quarter
of 2013. 
* The investment bank says that 15 percent on year order flow
growth is "required to sustain valuations".
* "We maintain that outlook for FY14E remains difficult and
upside will be capped," Jefferies said in a note.
* Shares of Larsen & Toubro were down 0.8 percent at 0911 GMT.

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Reuters Showcase

Facebook Earnings

Facebook Earnings

Facebook tops Wall Street revenue target in 4th quarter.  Full Article 

Japanese Hostage

Japanese Hostage

Islamic State said to set new deadline for hostage swap  Full Article 

Cricket World Cup

Cricket World Cup

Batting holds key for team India in World Cup  Full Article 

Australian Open

Australian Open

Sharapova eases into fourth Melbourne final  Full Article 

Photo

Laser Pioneer Dies

Laser's co-inventor, Nobel laureate Charles Townes, dead at 99  Full Article 

Rohingya Muslims

Rohingya Muslims

Rohingya refugees say traffickers in Malaysia abuse and kill.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage