New Delhi. Usually, before investing in a stock, retail investors look at the performance of that company. An important part of that process is checking what orders the company has. This gives investors an idea of ​​what the future plans and growth of the company are. However, there is no fixed criterion as to when will rise and fall in the stock market, but investors try to choose a better stock by knowing about these few things.
Today we are going to tell you about one such stock about which the brokerage has a good opinion and its future growth also looks explosive. Larsen & Toubro is mainly engaged in the field of construction and engineering. Although its shares are counted among the trusted stocks, but in the recent past, the company has received two big orders due to which the long-term rise in its shares seems almost certain.
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What are the orders?
L&T has got the work of setting up a thermal power plant worth Rs 15000 crore from the government power company NTPC. According to analysts, this order is worth Rs 22000 crore. According to experts, this is one of the biggest deals for L&T in the domestic market. Under this latest deal, L&T will set up 3 power plants in Bihar and Madhya Pradesh.
Along with the orders received in the domestic market, the company has also received a bigger deal abroad. L&T has received orders worth about Rs 35,000 crore from Saudi Aramco. This information came in July this year. However, company officials say that this deal was completed in the last financial year itself and the work was formally handed over to the contractors in July. It is noteworthy that this order was said to be the biggest order of the company. This work is related to Saudi Aramco’s $110 billion Zafurah gas project.
Position of company’s shares
Shares of Larsen & Toubro closed at Rs 3511.20 with a fall of 0.87 per cent on NSE on Tuesday. This stock has fallen by more than 2 percent in the last one month. Whereas in 1 year it has increased by about 14 percent. So far this year, this stock has fallen by about half percent.
Experts’ opinion
JP Morgan started its coverage in October. This coverage started with an ‘Overweight’ rating. JP Morgan had given it a target price of Rs 4360. Which is showing an increase of more than 25 percent from its current price.
(Disclaimer: The stocks mentioned here are for informational purposes only. If you want to invest money in any of these, then first consult a certified investment advisor. News18 is not responsible for any profit or loss you may incur. will be.)
Tags: business news, stock market
FIRST PUBLISHED: November 19, 2024, 17:24 IST
