1 / 4ICICI Securities maintains ‘Buy’ rating on L&T with a target price of Rs 1,612. L&T’s working capital to sales ratio remained high at 23.5% impacted by the tight liquidity situation, the brokerage said.
2 / 4Earnings were lower than expectations impacted by provisions towards contractual obligations, a higher mix of low-margin LSTK, ICICI Securities said.
3 / 4GE Power India has a strong order book worth Rs 8,800 crore and is favorably placed in a couple of NTPC bulk tenders pertaining to flue gas desulphurization, ICICI Securities said.
4 / 4ICICI Securities upgraded Siemens to 'Buy' with a revised target price of Rs 1,757
