L&T hits record high, up 5% in 5 days; Jefferies, UBS maintain ‘buy’ rating
Fri, Sep 29, 2023 11:56 AM

L&T hits record high, up 5% in 5 days; Jefferies, UBS maintain ‘buy’ rating

A Flip by Shubhangi Gupta
Get it on Google Play
L&T shares have hit record highs this week, gaining as much as 5%. On September 29 the stock touched an all-time high of Rs 3,057 on BSE. The company won a major project from MMRDA and settled bids for its Rs 10,000 crore buyback with 100% retail acceptance ratio. Brokerages remain bullish on L&T as they see order flow traction and margin recovery if elections drive front-ended FY24E.

More great flips

Could This Dominant Company Be the Next Amazon Stock?

Could This Dominant Company Be the Next Amazon Stock?

In this video, I will talk about Coupang (NYSE: CPNG), the recent earnings report, comments from management, and why I feel this stock is still flying under the radar while the underlying business fundamentals have improved significantly.*Stock prices used were from the trading day of May 16, 2024. The video was published on May 17, 2024.

Open Flip
3 Stock Investments That Cut You a Check Each Month

3 Stock Investments That Cut You a Check Each Month

Many companies pay quarterly dividends. That might be an adequate cash flow for most income investors, but there's also a rarer breed of stocks and exchange-traded funds (ETFs) that cut monthly checks.Today, I'll review three of those monthly payers that I personally own -- Realty Income (NYSE: O), JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI), and JPMorgan Nasdaq Equity Premium Income.

Open Flip
Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share

Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share

Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market ShareAlibaba Group Holding Ltd (NYSE:BABA), confronted by a fierce e-commerce market in China, is leveraging artificial intelligence to enhance its competitiveness.On Alibaba’s Taobao platform, shoppers can utilize Wenwen, an AI chatbot, for personalized product recommendations, such as a Sony Group Corp (NYSE:SONY) camera.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon