Focus will remain on working capital and cash flow management amid better execution and focus on receivables collections

Focus will remain on working capital and cash flow management amid better execution and focus on receivables collections

Indian Railways takes up about 15 percent of the capital expenditure in the Union Budget, while Power transmission accounts for 12 percent. The outlay for the Jal Jeevan Mission piped water initiative is expected to increase.

IIFL Finance has made long bullish candlestick pattern on the daily charts with strong volumes, making higher high for fourth consecutive session. It has seen a breakout of horizontal resistance trend line adjoining multiple touchpoints - November 28, December 27, 2022, January 2, and January 13, 2023.

Under this Memorandum of Understanding (MoU), L&T will become a partner for engineering, procurement, construction, installation and commissioning of the topsides for H2C's floating process plants.

While the first financial commitment towards green hydrogen has only just been announced and details of the policy are yet to emerge, companies are already making plans for it.

Even as details of how these incentives will be rolled out are yet to be announced, a host of private sector conglomerates have already made pitches to go big on green hydrogen.

National Green Hydrogen Mission scheme guidelines and implementation details yet to be detailed 

Dip Kishore Sen expects public capex to be hiked to Rs 10 lakh crore in the upcoming budget, and feels the Centre should incentivise the states and private sector to participate in infra projects

BofA Securities is underweight on the information technology, automobile and healthcare sectors

While NHAI has done creditable work to increase road construction across the country, it has incurred heavy debt to drive that activity.

Sharekhan is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 2390 in its research report dated November 28, 2022.

The momentum seems to be in favour of bulls but having consistent run-up for the last few days, some bouts of volatility and consolidation can be seen in coming sessions, before taking gradual march towards first 18,700-19,000 area

Breaching either side of 18,200-18,450 range can give some kind of direction to the market in the coming days, but having a monthly expiry and FOMC minutes scheduled this week, volatility and consolidation is at the top before any kind of big move on either side of range

ICICI Direct is bullish on Larsen and Toubro recommended buy rating on the stock with a target price of Rs 2355 in its research report dated November 01, 2022.

Most brokerage firms have baked in weak profitability for the infrastructure player along with gradual margin recovery. However, a buyback is yet to be factored in and there could be another leg of re-rating in case of any buyback announcement, said an analyst from foreign brokerage firm.

Prabhudas Lilladher is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 2384 in its research report dated November 01, 2022.

Sharekhan is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 2390 in its research report dated October 31, 2022.

Analysts are most optimistic about ICICI Bank and Larsen & Toubro (L&T), with 98% advising that investors buy these stocks

The company won orders worth Rs 51,914 crore at the group level during the quarter

As part of its five-year strategic plan ‘Lakshya 26’ the company is looking to divest its investment in few non-core areas, which includes road concessions and power business as well as capital restructuring and minimizing its stake in Hyderabad Metro.

The company’s management said the October quarter saw high order execution and robust order inflow which resulted in its highest-ever order book at Rs 372,381 crore in October end.

L&T’s operating margin may remain flat sequentially and decline by 54 basis points on a YoY basis