LT may double in 3-4 years: Sudarshan Sukhani

Written By Unknown on Senin, 05 Mei 2014 | 16.02

Sudarshan Sukhani of s2analytics.com is of the view that Larsen and Toubro may double itself in next 3-4 years.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Larsen and Toubro is likely to go through a process of consolidation. So, for a short-term trader it is not an opportunity. But for somebody who is looking at an investment time horizon, L&T could double itself in the next three-four years. So, a 5 percent correction here or there doesn't matter."

At 14:06 hrs Larsen and Toubro was quoting at Rs 1,288.80, up Rs 25.65, or 2.03 percent. It has touched an intraday high of Rs 1,294.10 and an intraday low of Rs 1,251.60.

The share touched its 52-week high Rs 1,387.85 and 52-week low Rs 678.10 on 23 April, 2014 and 28 August, 2013, respectively. Currently, it is trading 7.14 percent below its 52-week high and 90.06 percent above its 52-week low. Market capitalisation stands at Rs 119,476.44 crore.


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