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:

"India's Daughter"

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

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