Solid stock, best sector L&T

Solid stock, best sector L&T

L&T

Price: 3008

Yearly high : 3249 yearly low: 1136 P/E:53

Profit records in Rs crore

Sep 2006: 201

Dec 2006: 343

Mar 2007: 700

Jun 2007: 376

L&T market leader in EPC entering into pure power generation which is going to be high growth sector in next five years. L&T has launched new company L&T Power Projects.

The co. has bid for mega projects, coming in a big way. Buy this stock and remain invested for two years. Best stock in best sector. Since market is expected to see some correction buy at every dip.