BNP upgrades Larsen & Toubro to 'buy'

Mar 14 2011, 10:26 IST
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SummaryThe stock is down nearly 22 pct year-to-date while the main stock index has dropped 11 pct.

BNP Paribas upgraded Indian engineering and construction firm Larsen & Toubro to "buy" from "hold", saying a recent price correction offers an attractive entry point.

The stock is down nearly 22 per cent year-to-date while the main stock index has dropped 11 per cent.

At 10:04 a.m., shares in Larsen & Toubro were trading 0.4 per cent higher, while the main stock index was up 0.3 per cent.

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