Name: Latest research reports of Larsen & Toubro Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Larsen & Toubro Ltd.
Rating: 4
Author: ICICI Securities Limited

Order inflow strong; execution picks pace

Accumulate: Larsen & Toubro Ltd.

Recommendation Target

ICICI Securities Limited

Larsen & Toubro (L&T’s) total order inflow (OI) witnessed robust growth of 23% YoY
at Rs519bn (ex-services: Rs373bn, up 24%YoY) for Q2FY23, led mainly by infrastructure, power and heavy engineering business.