Buy L&T; Target Rs. 1,420 & Federal Bank; Target Rs. 95

Buy L&T; Target Rs. 1,420 & Federal Bank; Target Rs. 95

Larsen & Toubro Ltd (LART):Larsen & Toubro

Larsen & Toubro Ltd has officially announced a consolidated sales of Rs. 35,328.45 Cr for the quarter finished on 30-09-2019, which is 19.21% up from its previous quarter sales of Rs. 29,635.95 Cr and 15.16% up from its previous year’s same quarter sales of Rs. 30,678.13 Cr. The firm has also announced its net profit after tax of Rs. 2,730.39 Cr.

Outlook:  

Larsen & Toubro Ltd is a buy call with a target of Rs. 1,420 and a stop loss of Rs. 1,300; current market price: 1,334.75.

Federal Bank Ltd (FED):

Federal Bank

Federal Bank Ltd has officially announced a consolidated interest income of Rs. 2,720.87 Cr for the quarter finished on 30-09-2019, which is 1.89% up from its previous quarter interest income of Rs. 2,670.52 Cr and 20.51% up from its previous year’s same quarter interest income of Rs. 2,257.76 Cr. The firm has also announced its net profit after tax of Rs. 424.40 Cr in the most recent quarter.

Outlook:   

Federal Bank Ltd is a buy call with a target of Rs. 95 and a stop loss of Rs. 89; current market price: 89.60.

Disclaimer: The perspectives investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/ shares mentioned.

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