L&T ka Order Book Full, Par Global Tension Ka Asar
L&T ki Buildings & Factories team ne dhamaka kar diya hai! Unhone kai bade domestic orders jeete hain, jaise Gujarat mein ek Float Glass Plant aur Andhra Pradesh mein ek bade two-wheeler maker ki manufacturing facility. Har order ₹1,000 crore se ₹2,500 crore ke beech ka hai. Iske alawa, unke WET unit ne bhi Guwahati mein ek water management project jeeta hai. Yeh sab dekh kar lagta hai ki India mein infrastructure ka kaam toh badhiya chal raha hai.
Stock Kyun Gira Bhala?
Ab sawaal yeh hai ki jab orders itne bade mil rahe hain, toh share price kyun neeche aa raha hai? Asal mein, sabse bada reason hai Middle East mein chal rahi geopolitical tensions. Is wajah se global logistics aur supply chains disturb ho rahi hain. L&T ka revenue kaafi bada hissa West Asia se aata hai, aur wahan ki problems direct impact kar rahi hain. Isliye, pichhle ek mahine mein L&T ka stock lagbhag 22% tak gir gaya hai aur ₹3,305 ke aas paas trade ho raha hai.
Analysts Kya Keh Rahe Hain?
Brokerages abhi bhi L&T ko lekar positive hain. Unka order book ₹7.33 lakh crore ka hai, jo ki bahut bada hai aur future revenue ki visibility de raha hai. Zyadatar analysts is stock ko 'Strong Buy' rating de rahe hain aur target price ₹4,500 se ₹4,700 tak ka de rahe hain. Lekin haal hi mein UBS ne thoda caution dikhate hue target price kam kar diya hai, Middle East risks ko dhyan mein rakhte hue.
Margin Pressure Ka Risk
L&T ke kai international projects, khaas kar Middle East wale, fixed-price contracts par hain. Agar material, energy ya logistics ka cost badh gaya toh company ke profit margins par pressure aa sakta hai. Halanki abhi bhi L&T ke West Asia ke 95% project sites chal rahe hain, par agar situation aur kharab hui toh problems badh sakti hain.