This is a model which is perfect for the lofty valuations of Nifty today. If you were to compare earnings to the multiples, we are probably at the top quartile of valuations historically. At this point of time, we feel the model that we have implemented makes the most sense, Kamath said.
L&T back on investor radar amid strong order book, hopes of margin improvement
Larsen & Toubro shares rose 8% in three sessions after reporting record FY25 order inflow and a 24% YoY jump in Q4 orders, largely from