Merrill Lynch has recommended a buy on Larsen & Tubro (L&T) at Rs 215. The stock has underperformed the Sensex by 2 per cent last month despite a YTD outperformance of 26 per cent.
Though the entry of third bidders might result in some delay in the de-merger of its cement division, the outlook for its core business of engineering and construction is quite positive. The company has a record orderlog of Rs 970 crore.
Motilal Oswal Securities has upgraded Zee Telefilms to a hold at Rs 97 from sell. The media company is expected to rake in big money with its hit movie
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