Larsen Toubro Ltd:
Q1 result today( after mkt hours)
May fall how our sell recomm Dr Reddy fell
Denofwealth estimates Q1 Ebidta to be 2140cr vs CNBC est of 2500cr, whopping 14 percent miss
Denofwealth estimates PAT to be 630cr vs CNBC est of 770 cr and Street est of 790cr, again big miss
Results expected to be weak despite Ind AS ( due to revised accounting standards many large corporates making big gains)
Stock is 50 percent higher than its Feb16 price of 1016.
One month high 1615
Technically also, stock looking weak and Once 1520 is breached, TP Rs 1401 in 2-4 weeks
Appears strong sell
Q1 result today( after mkt hours)
May fall how our sell recomm Dr Reddy fell
Denofwealth estimates Q1 Ebidta to be 2140cr vs CNBC est of 2500cr, whopping 14 percent miss
Denofwealth estimates PAT to be 630cr vs CNBC est of 770 cr and Street est of 790cr, again big miss
Results expected to be weak despite Ind AS ( due to revised accounting standards many large corporates making big gains)
Stock is 50 percent higher than its Feb16 price of 1016.
One month high 1615
Technically also, stock looking weak and Once 1520 is breached, TP Rs 1401 in 2-4 weeks
Appears strong sell
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