MARKET EYE-Goldman Sachs upgrades India's L&T; shares gain

Wed Mar 6, 2013 9:51am IST

Related Topics

Stocks

   

* Shares in India's Larsen & Toubro Ltd gain 1.7
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.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

Nov gold imports seen climbing on expectation of curbs   Full Article 

Reuters India Mobile

Reuters India Mobile

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