{"id":76668,"date":"2022-12-07T13:09:00","date_gmt":"2022-12-07T07:39:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=76668"},"modified":"2022-12-07T13:07:13","modified_gmt":"2022-12-07T07:37:13","slug":"fundamentally-strong-stock-reaches-52-week-high-brokerage-sees-more-upside-in-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fundamentally-strong-stock-reaches-52-week-high-brokerage-sees-more-upside-in-it\/","title":{"rendered":"Fundamentally strong stock reaches 52-week high; Brokerage sees more upside\u00a0in it"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1342081545\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Larsen &amp; Toubro Limited opened at Rs 2,097 and gained more than 2 per cent to reach a 52-week high of Rs 2,144 in the early hours of Wednesday. In the past month, the shares have gained 5 per cent.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-168851735\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stocks of the construction giant gained after they announced that their construction arm has secured &#8216;mega&#8217; orders for its minerals and metals (M&amp;M) business. The value of the project is estimated to be above Rs 7,000 crore.&nbsp;<\/p><p>Earlier this week, the company secured an order from the National High-Speed Rail Corporation Limited (NHSRCL) to construct the Sabarmati Depot in the state of Gujarat for the Mumbai \u2013 Ahmedabad High-Speed Rail project through a consortium led by Sojitz Corporation, Japan. The project is estimated to be between Rs 2,500 crore to Rs 5,000 crore.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Larsen &amp; Toubro<\/a><\/strong> is an Indian multinational business interested in engineering, construction, manufacturing, technology, information technology, and financial services. It is majorly engaged in EPC Projects, Hi-Tech Manufacturing, and Services operating in over 50 countries worldwide.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2891836144\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In Q2FY23, the company reported a total revenue of Rs 42,762.61 crore which is an increase of 23 per cent Year on Year from Rs 34,772.9 crore. In the period their net profit increased marginally to Rs 2,819.2 crore up from Rs 2,231.33 crore.\u00a0<\/p><p><strong>Global brokerage Jefferies remains bullish on the stock and has assigned a \u2018Buy\u2019 tag with a target price of Rs 2,455 per share which represents an upside of 15% from the current levels.&nbsp;<\/strong><\/p><p>The brokerage firm highlighted that L&amp;T\u2019s current order book is \u20b93.7 lakh crore, up 25 per cent year-on-year (YoY), and gives comfort on double-digit revenue growth in FY22-25E.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2562485233\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Larsen &amp; Toubro Limited opened at Rs 2,097 and gained more than 2 per cent to reach a 52-week high of Rs 2,144 in the early hours of Wednesday. In the past month, the shares have gained 5 per cent.\u00a0 The stocks of the construction giant gained after they announced that their [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5262,5263,5259,5260,5261,3912,3153,4178,4183,3157,3158],"class_list":["post-76668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-lt-targets","tag-lt-targets-2022","tag-larsen-toubro","tag-larsen-toubro-share-price","tag-larsen-toubro-targets","tag-multibagger-stock-to-watch","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamentally strong stock reaches 52-week high; Brokerage sees more upside\u00a0in it - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/fundamentally-strong-stock-reaches-52-week-high-brokerage-sees-more-upside-in-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fundamentally strong stock reaches 52-week high; Brokerage sees more upside\u00a0in it\" \/>\n<meta property=\"og:description\" content=\"The shares of Larsen &amp; Toubro Limited opened at Rs 2,097 and gained more than 2 per cent to reach a 52-week high of Rs 2,144 in the early hours of Wednesday. 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