CLSA has a buy call on L&T as it believes the stock is a good proxy for domestic capex. First order is around the corner, but new bids are key, it says, adding, the needs to win 1 of the 2 large navy orders to utilise its defence yard.
The brokerage house believes company will be a significant beneficiary of defence capex. Its's tie-up with Navantia, Spain, may endow with certain competitive advantages, it feels.
L&T has emerged as the No 1 player in prequalification for USD 8 billion FICV project.
For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory
The brokerage house believes company will be a significant beneficiary of defence capex. Its's tie-up with Navantia, Spain, may endow with certain competitive advantages, it feels.
L&T has emerged as the No 1 player in prequalification for USD 8 billion FICV project.
For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory
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