The global investment bank believes that the current valuations are at 7.2x FY24E P/B, 46.4x P/E. The valuations do not fully price in headwinds such as pressure on new business, said the note.
Larsen & Toubro shares rose 8% in three sessions after reporting record FY25 order inflow and a 24% YoY jump in Q4 orders, largely from
Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has recorded a profit after tax (PAT) of Rs 527 crore in 2024-25, registering a growth
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