Larsen & Toubro Limited

CANCELLED

Buyback · IPO Guide

Expert Rating
Neutral

The financials of the company looks very good, specifically for FY18 and FY19, RoCE is 137.63% and at CMP its looks reasonably priced. Fortunes of company depends on prices of Graphite Electrodes and any downside may significantly affect its profit. As on September 2018, there are 11.24% of retail share holding and reserved portion for RII will be 15%, so if all retail investors participate in Buyback, than expected acceptance ration would be 4.55%. So we give NEUTRAL rating to this buyback.

⚠️

Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

0 Comments
💬

No comments yet. Be the first to share your thoughts!

✍️ Post a Comment