ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Samco Acers
  • Samco Mission Ace The Index
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Stocks News

Wealth creation pick: Anil Singhvi recommends buying THIS stock

Anil Singhvi stock pick: Zee Business Managing Editor said that IT sector will bottom out in the next 3-6 months and this is a buying opportunity of L&T stock for investors.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Wealth creation pick: Anil Singhvi recommends buying THIS stock
Wealth creation pick: Anil Singhvi recommends buying shares of Larsen and Turbo (L&T), Pic- Pixabay

Anil Singhvi stock pick: Zee Business Managing Editor Anil Singhvi suggests going long on construction major Larsen & Toubro (LT), a stock he believes has upside potential of as high as 50-60 per cent. In this special segment, Wealth Creation Pick, Singhvi explains the rationale behind his latest stock pick as well as the target price.  

Why Anil Singhvi likes LT shares now

Singhvi said that 60 per cent of the company’s revenue comes from its capital goods and infrastructure business, which is outperforming. 

The company's order book will grow in the next few years as the government is focusing on developing the country’s infrastructure, which will be a key positive for L&T, according to Singhvi. 

The rest, 40 per cent, comes from its finance and IT arms, among which L&T Tech Services is growing rapidly. 

Singhvi also said that 30-40 per cent of the revenue comes from L&T Tech Services,  which is giving a strong cash flow. 

Anil Singhvi's view on the Indian IT sector

The market expert believes the IT sector will bottom out in the next 3-6 months, which could well be a buying opportunity for investors.

#ZeeBusiness पर आज से पूरे हफ्ते मिलेगा Wealth बनाने का फॉर्मूला 

Wealth Creation के लिए #AnilSinghvi की कौनसा है भरोसेमंद शेयर?

कौन से है शेयर जिसमें निवेश से बनेगी दमदार वेल्थ?#ZeeWealthCreation पर आप भी जुड़िए

देखिए @AnilSinghvi_ का ये वीडियो

https://t.co/IqYTBSpCPO pic.twitter.com/2poFYIE6qg

— Zee Business (@ZeeBusiness) March 20, 2023

Anil Singhvi target price

Singhvi sees target to the tune of Rs 2500, Rs 2,800 and Rs 3,300 for L&T shares with a perspective of three years.

What brokerage says

Brokerage firm, Sharekhan has also recommended buying shares of L&T for a target price of Rs 2,600 apiece. (19.8 per cent upside) 

According to Sharekhan, L&T, the engineering conglomerate, by virtue of its leadership and commendable execution track record in the engineering, procurement, and construction (EPC) domain will benefit from capital expenditure upcycle in both public and private sectors. 

Further, the report said, for FY2023, the company would most likely exceed its order intake guidance and would easily achieve the upper end of its revenue growth guidance, given its robust order book.

The report added that apart from strong growth visibility in its existing business, new avenues such as green hydrogen, data centers, and e-commerce businesses would contribute to its long-term growth.

HDFC Securities is also bullish on L&T and has given a ‘buy’ call for a target price of Rs 3,600. (66.9 per cent upside)

According to the brokerage, key positives include:

-traction in the transportation vertical, also supplemented by empanelment from Airbus as a strategic partner, which will augment growth in the vertical 

-recovery in the plant engineering vertical in Q4, aided by a strong pipeline.

L&T share price history 

Year to Date (YTD) L&T stock has gained 3.90 per cent as compared to a nearly 7 per cent fall in Nifty 50

In the past six months, the stock has surged 14.53 per cent as compared to over 4 per cent drop in Nifty 50.

L&T stock settled at Rs 2,178.95 apiece on Monday, March 20 trading session.

The 52-week range of the stock is between Rs 2,297.65 apiece to Rs 1,456.35 apiece. ​

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com. 

 

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Anil SinghviLarsen and Toubro (L&T)larsen and turboL&Tlarsen and turbo share priceBombay Stock Exchange (BSE)National Stock Exchange (NSE)
Written By: Sirali Gupta
Updated: Mon, Mar 20, 2023
05:40 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Anil Singhvi strategy June 9: Important levels to track in Nifty, Nifty Bank today Anil Singhvi strategy June 9: Important levels to track in Nifty, Nifty Bank today
When can you expect an RBI rate cut? What Ajay Bagga thinks When can you expect an RBI rate cut? What Ajay Bagga thinks
Anil Singhvi strategy June 8: Important levels to track in Nifty, Nifty Bank today Anil Singhvi strategy June 8: Important levels to track in Nifty, Nifty Bank today
EXCLUSIVE | Nifty at 40,000? Raamdeo Agrawal says not the right time to stay away from market EXCLUSIVE | Nifty at 40,000? Raamdeo Agrawal says not the right time to stay away from market
Anil Singhvi strategy June 7: Important levels to track in Nifty, Nifty Bank today Anil Singhvi strategy June 7: Important levels to track in Nifty, Nifty Bank today

LATEST NEWS

Delhi records minimum temperature of 23.9 deg C

Google introduces 2 new voices for Assistant app

Zomato touches issue price of Rs 76 per share

OpenAI not training GPT-5 for now: CEO Sam Altman

UK to lead way on AI safety with first global summit, says PM Rishi Sunak

You can try Apple’s latest iOS 17 for free? Here’s how

India flight-tests new-gen ballistic missile 'Agni Prime'

Monsoon hits Kerala coast after a week’s delay: Here’s a look at past years

Anil Singhvi strategy June 9: Important levels to track in Nifty, Nifty Bank today

US stock markets end higher amid record-low volatility ahead of eventful week

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV