Angel Broking has maintained 'Accumulate' on Larsen & Toubro (L&T) with a price target of Rs 1,748 in its report dated Nov. 30, 2012.
Larsen & Toubro (L&T) has bagged an order worth Rs 5.95 billion from UAE for the construction of a hospital building and associated facilities in the building segment. Also, L&T has bagged EPC orders worth Rs 2.8 billion for the construction of solar PV systems in Rajasthan.
Further, L&T has bagged various orders worth Rs 3.03 billion from its ongoing projects in various segments. It continues to maintain `Accumulate` rating on the stock with a target price of Rs 1,748.
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