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L&T Share Price: Selling pressure is visible in L&T shares after March 2024 quarterly results. The biggest disappointment for the market was its margin guidance. At least four analysts covering the stock have reduced their target prices on L&T Investments. Today his shares fell heavily. Currently it is trading at Rs 3362.65 on BSE with a decline of 3.52 percent. In intraday it fell by 5.60 percent to Rs 3290.00. If we look at the brokerage's outlook, 31 out of 36 analysts have maintained buy rating on L&T, three have issued hold rating and two have issued sell rating.
What are L&T's margin estimates?
Talking about the target of brokerage firms, first of all know at what price L&T shares are being sold. For the financial year 2025, the company estimates that it will get 10 percent more orders. He also believes that topline growth can be 15 percent. However, on the margin front the company's estimates are lower than analysts' estimates. According to the company, L&T's margin may be 8.25 percent in financial year 2025, while analysts' estimate is 9 percent to 9.5 percent.
Know the target price of L&T
Brokerage firm CLSA has maintained buy rating but reduced the target price to Rs 4,151 from Rs 4,260. The brokerage has maintained its buy rating on order inflow guidance and its strong execution capability. CLSA also said L&T's pipeline could grow by 24% despite a slowdown in Middle Eastern capex.
On positive order flow guidance, brokerage Jefferies reduced its target price to Rs 3,970 from Rs 4,135, but maintained buy rating. However, Jefferies said that even if the company has set its forecast of 15 per cent revenue growth, it is much lower than the orders received in fiscal year 2024. Morgan Stanley also reduced its target price to Rs 3,857 from Rs 4,106 and Goldman Sachs cut its target price to Rs 3,600 from Rs 3,900. However, both have maintained their bullish stance on this.