( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 7th June 2009 
Larsen & Toubro Ltd : Rs 1519.30
Larsen & Toubro Ltd : Rs 1519.30- Larsen & Toubro Limited (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
- L&T has executed comprehensive projects in the areas of fertilizer and petrochemicals, airports, townships, hotels, public buildings, bridges, transmission lines, water treatment plants, hydro-electric power stations and irrigation structures in various countries - the Middle East, South East Asia, Russia, CIS, Mauritius, African and SAARC countries.
- L&T has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint, with facilities in China and the Gulf region.
- Seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.
- The company's businesses are supported by a wide marketing and distribution network, and have established a reputation for strong customer support.
- L&T believes that progress must be achieved in harmony with the environment. A commitment to community welfare and environmental protection are an integral part of the corporate vision.
Financial Highlights:
- L &T Group has posted a profit after tax of Rs 3789.46 Crore for the year ended March 31, 2009 as compared to Rs 2325.36 Crore for the year ended March 31, 2008.
- Total Income has increased from Rs 29847.69 Crore for the year ended March 31, 2008 to Rs 41055.24 Crore for the year ended March 31, 2009.
Technical Overview :
- The stock On Day Chart has given an "Triangle Breakout" with huge volumes,indicating the stock to outperform in short term.The stock is recommended to buy cmp Rs 1519.30 with Short term view.
Support Levels :
- Support 1 : 1462
- Support 2 : 1416
Stoploss : 1359 on closing basis.
Targets :
- Target 1 : 1649
- Target 2 : 1682
- Target 4 : 1810
- Target 3 : 1936
Period : 2 to 3 months.