BUZZ-India's L&T on course for best week in over 5 years after US-Iran ceasefire

** Shares of Larsen and Toubro LART.NS climb 9.4% for the week after U.S. agreed to ceasefire with Iran; benchmark Nifty 50 .NSEI up 5.6%

** Stock's on course for best weekly performance since Feb 2021; Nifty 50 also on course for best week in over five years

** LART has significant exposure to the Middle East; region accounts for 35% of quarterly revenue

** Stock has dropped 7.5% since the start of the war on Feb 28

** LART up 1.6% on Friday; Nifty 50 up 0.95%

** Avg rating of 30 analysts on LART at "buy"; median PT is 4,554 rupees - data compiled by LSEG

** YTD, stock down 3.2% vs 8.2% drop in .NSEI


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.