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Barclays upgrades L&T to 'overweight'

New Delhi: Barclays upgrades Larsen & Toubro to "overweight" from "equal weight." The bank said the engineering firm's earnings cycle is heading closer to a trough and should rebound from the second half of fiscal
barclays upgrades l t to overweight - India TV
India TV Business Desk August 26, 2013 16:44 IST
New Delhi: Barclays upgrades Larsen & Toubro to "overweight" from "equal weight." The bank said the engineering firm's earnings cycle is heading closer to a trough and should rebound from the second half of fiscal 2014.



Barclays also noted that L&T's earnings are at 10-year lows.
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