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

Tue Dec 4, 2012 3:05pm IST

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* 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)
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