Clearly, the order movement guidance was modest and we failed to expect the minimize from 10-15 pct to 5-7 pct. It was the results of losing a couple of orders in the energy sector and possibly one odd buy in dedicated shipment corridor (DFC). Yet, overall, we consider the order backlog will be pretty strong with Rs 2. 4 trillion and if they can execute this order backlog on the next 18-24 weeks, the bottomline could possibly be very healthy with about 20-25 percent growth on the next 18-24 weeks. That is why we believe L&T is an excellent pick at existing rs 07 gold In Deadman Mode 1, 350 ranges. The stock provides corrected about 12-13 percent within the last few one month due to expectation of weak results. So, we believe the poor email address details are factored in on the current price and also from here about, the key thing is should they can execute their particular order backlog and also report a 14-15 sort of revenue growth, then a stock should excel over the subsequent 12 months.
This is a very good construction company which includes also had concerning four build-operate-transfer (LEVELING BOT) assets, road assets and it's also a very specialized niche company doing well. Their margins are usually pretty healthy with around 14 percent and so they continue to increase. The order flow continues to be pretty strong within the last six months and also we expect them undertake a similar order flow on the next 6-9 months at the same time. And they could have order backlog well over about Rs 40-45 billion from the end of FY16 that may drive their revenue growth at concerning 20-25 percent on the next two decades. Valuations are pretty reasonable on the current levels regarding around Rs 530. Thus, we think it is probably the better picks inside the construction segment. wearefamiily1