- 'Buy' Larsen & Toubro shares on global forays, target price of Rs 974: CitiIndian stock markets this week: BSE Sensex gains 2.4%, L&T, Tata Power shares surgeOverweight rating on Larsen & Toubro shares, target price of Rs 947, says HSBCLarsen & Toubro plans $1-billion toll road IPO in Singapore
Hyderabad metro (mezzanine equity). Only if IDPL falls short on either of these targets would L&T be pulled in to cover the gap with an equity/ sub debt infusion, Morgan Stanley said.
* The company indicated it expects to raise capital through a stake sale at the L&T IDPL level and monetisation of stakes in Dhamra port and Hyderabad Metro project, totalling
* The management’s other immediate focus is on maintaining a comfortable debt service coverage ratio even as it continues to evaluate attractive new projects and M&A targets