L&T - Well-Placed To Benefit From Macro Improvement: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Larsen and Toubro Ltd.’s core engineering and construction business remains best placed to benefit from any capex upcycle, supported by its leaner asset-light business model and diversified segments.
Therefore, although the buildings and power segments were weaker in FY21, this was largely offset by strong orders from the international power transmission and distribution and hydrocarbons segments.
L&T’s capability to win large ticket size projects, such as airports and high-speed rail, has been remarkable and has compensated for its exit from the roads sector.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.