L&T falls for fourth day on order book worries
Jan 06 2014 , Mumbai
Credit Suisse notes L&T has announced order inflows worth of 108 billion rupees for the October-December quarter, or just 55 percent of the orders received in the same quarter of 2012/13.
A slowdown in new orders comes as analysts widely expect the investment cycle will only recover after general elections due by May.
The investment bank says L&T's order inflow growth would slow down from 27 percent in first half of FY14 to 12 percent or lower in the second half and 5 percent in FY15.