You are here:HomeMarket

Goldman downgrades Larsen & Toubro to 'Neutral'

close

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.

Copyright @ Thomson Reuters 2012

Story first published on: September 24, 2012 09:36 (IST)

Tags: L&T, Larsen & Toubro, Goldman Sachs

MORE FROM NDTV

FROM THE WEB

MORE FROM THE WEB
MORE FROM NDTV

For Profit Update,
Follow NDTV on Pinterest

Social Sharing

Advertisement

Advertisement

Portfolio
 

More From NDTV

More From the WEB

Don't Miss

Advertisement

Market Data provided by © Accord Fintech.
© Copyright NDTV Convergence Limited 2014. All rights reserved.