- 10 stocks to look out for in 2014: Sesa Sterlite, Wipro, Torrent Pharma, moreMarkets to see volatility amid F&O expiry, GDP dataMarket Capitalisation: Infosys, TCS, Reliance and six other companies add Rs 1,14,806 crHDFC Mutual Fund set to launch 'HDFC Debt Fund for Cancer Cure 2014'
Shares of Larsen & Tourbo gained 6.99% intra-day on Friday to touch highest level in more than two-and-a-half years at Rs 1,221.8. The scrip was trading 4.99% higher at Rs 1199 on BSE at 2.30pm IST.
Analysts have raised their target price on the scrip recently. Macquaire in a note on Thursday said that L&T is the best placed infra company to benefit from the coming "cyclical turn". The brokerage raised the target price to Rs 1,312.
Citigroup has raised its target price for L&T to Rs 1,305. "We expect L&T will emerge stronger from recent Indian economic deceleration and outperform peers when economy accelerates," Citigroup said in a note on Thursday.