LT rises 2.5% as Credit Suisse upgrades to neutral

Engineering and construction major Larsen & Toubro (L&T) moved up 2.5 percent on Friday as the research firm Credit Suisse upgraded the stock to a neutral rating with a target price of Rs 1,379.

"L&T has underperformed the market by nearly 19 percent since November, at current valuations most concerns seem priced in," Credit Suisse reasoned.

Shares fell more than 12 percent in last one month while it dropped nearly 16 percent in last three months.

At 10:15 hours IST, the stock was quoting at Rs 1,400 on Bombay Stock Exchange.

In the previous trading session, the share tanked 3.17 percent to Rs 1,365.80.

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