Goldman downgrades Larsen & Toubro to 'Neutral'
Reuters | Updated On: September 24, 2012 09:37 (IST)
Goldman Sachs downgraded India's Larsen & Toubro to "neutral" from "buy", saying the stock was trading above historical median valuations even as the macro-economic environment remained "tough."
However, Goldman said it continues to be a strong believer in the long-term growth potential for L&T.
L&T shares were down 0.6 per cent as of 9.19 a.m.
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