 "Larsen and Toubro")
Almost all brokerages remain bullish on Larsen & Toubro (L&T), citing India’s largest engineering and construction (E&C) company’s stronger balance sheet, improved operational performance for the March quarter and a healthy outlook, amidst the second Covid-19 wave.
"While Covid 2.0 has brought on similar challenges as last year, construction activity has been ongoing unlike last year and hence, the impact should be lower than last time," said analysts at Motilal Oswal Securities, which has maintained a buy call.
L&T’s balance sheet has strengthened, as its net debt/equity (including minorities and adjusted for current investments) improved to 1x from 1.5x in
