Larsen & Toubro (OTC: OTC:LTOUF) is India's largest engineering and construction company with FY14 sales of $14.2 billion and a current market capitalization of $26 billion. The company's stock has been in the pink of health with the stock surging by 69.5% in YTD2014. The stock surge has been backed by big changes in the Indian political landscape, which are likely to bring about major economic reforms. This article discusses the reasons for the recent stock upside, the positives from government change in India, the benefits from the recent budget and the reasons to remain bullish on Larsen & Toubro with a two year investment horizon.
Larsen & Toubro Limited operates as a technology, engineering,...
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