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Goldman Sachs removes L&T from conviction buy list
Reuters / 04 Jul 12 | 11:51 AM
Goldman Sachs removes Larsen & Toubro
However, the investment bank retains its "buy" rating on the stock, citing robust order inflows year to date and continued market share gain.
Since being added to the conviction list on January 18, 2012, L&T shares have gained 13 percent vs. BSE Sensex rise of 6 percent and BSE Capital Goods index's 5 percent gains.
L&T shares were down 0.1 percent at Rs 1,402.45.
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