In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
L&T is the best proxy for domestic capex given its market leadership in the engineering and construction industry, diversified revenue stream and strengthening balance sheet.
The inflow momentum looks set to continue with a strong Rs 6.3 trillion-prospective pipeline and better conversion ratio
The derivative analyst from HDFC Securities recommends to Buy L&T 2100 Call and simultaneously Sell 2160 Call of the 29-December expiry.
L&T will build and develop the spaces, CLINT will market them; most of the projects are to be started from the second half of 2024
Analysts believe that L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in the domestic market
In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period
Including today's orders, L&T has won a total of six 'significant' orders in the month of October, it said
So far this month, L&T has won a total of five 'significant' orders across diverse segments