Monday, 5 January 2015

Opening news on Indian Equity Market

India's Larsen & Toubro shares gain 1.5 pct.Citigroup upgrade stock to "buy" from "neutral" and raises target price to 1,849 rupees from 1,707 rupees.

"L&T is now our top India industrial pick, followed by BHEL and Voltas," Citi says in a note.L&T's order inflow prospects list doubling from last year's level- Citi.Upgrade is also based on L&T's preparedness to exploit evolving Indian defence opportunity.

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