Jefferies maintains 'Buy' on L&T, target at Rs 2,455
🔸Buy call, target at Rs 2,455 per share
🔸Buoyant equity markets helping company with its monetisation drive
🔸Management is focussed on selling assets at a reasonable valuation
🔸Over 1-3 years, Nabha Power & Hyderabad metro are incremental ones being targetted
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JPMorgan Brokerages view on L&T
-Overweight call, Target at Rs 2,200 per share
-L&T/CPPIB together will divest 51 percent/49 percent stake in L&T IDPL
-L&T IDPL houses 14 road projects and one transmission project
-Assets have a negligible contribution to L&T's P&L
-Divestment underscores its commitment to recycling balance sheet & asset-light growth.