{"id":432702,"date":"2021-08-28T09:15:52","date_gmt":"2021-08-28T03:45:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432702"},"modified":"2021-08-28T09:50:21","modified_gmt":"2021-08-28T04:20:21","slug":"lt-gains-4-as-brokerage-motilal-oswal-raises-target-price-to-rs-1950","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-gains-4-as-brokerage-motilal-oswal-raises-target-price-to-rs-1950\/","title":{"rendered":"L&amp;T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950"},"content":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T) moved higher by 4 per cent to Rs 1,664.75 on the BSE in intra-day trade on Friday after brokerage firm Motilal Oswal Financial Services increased the target price of the stock to Rs 1,950, largely driven by mark-to-market (MTM) of listed information technology (IT) subsidiaries. The stock of the engineering &amp; construction (E&amp;C) company had hit a record high of Rs 1,676.70 on August 16, 2021.<\/p>\n<p>\u201cIn the past month, L&amp;T Infotech has rallied 18 per cent, MindTree 28 per cent, and L&amp;T Technology Services 11 per cent. Factoring in the current market prices of the listed subsidiaries (after applying an unchanged holding company discount of 20 per cent), our target price for L&amp;T now stands at Rs 1,950,\u201d Motilal Oswal said in a stock update.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T) moved higher by 4 per cent to Rs 1,664.75 on the BSE in intra-day trade on Friday after brokerage firm Motilal Oswal Financial Services increased the target price of the stock to Rs 1,950, largely driven by mark-to-market (MTM) of listed information technology (IT) subsidiaries. The stock of the engineering &amp; construction (E&amp;C) company had hit a record high of Rs 1,676.70 on August 16, 2021. \u201cIn the past month, L&amp;T Infotech has rallied 18 per cent, MindTree 28 per cent, and L&amp;T Technology Services 11 per cent. Factoring in the current market prices [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-432702","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=432702"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432702\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}