Sotcks to invest

LARSEN & TOUBRO LTD
Larsen & Toubro Limited (L&T) is a technology, engineering, construction and manufacturing company.&T has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint, with facilities in China and the Gulf region.
Operating Divisions: Engineering & Construction Projects (E&C) L&T offers design, engineering, project management, procurement, construction and commissioning services to the hydro carbon industry, notably the oil & gas upstream, oil & gas mid and downstream (Refinery, Petrochemicals, Fertilizer, Chemical projects and unit systems).
Power Business Sector consists of the following : Utility & Cogeneration & Captive Power Plants (Cogen & Captive Power).
Nuclear power Thermal Power Plant ConstructionCement and allied machinery
Complete range - from crushing to packing plants covering equipments such as Crusher & Material Handling equipments, vertical roller mills for raw materials & cement grinding, fuel efficient kiln & cooler systems, energy efficient milling systems, modern calcination systems for low reactive coal & low Nox, homogenization and separator for plant capacity from 1,000 TPD to 10,000 TPD
Engineering Construction & Contracts (ECC) Developmental Projects L&T handles projects to be executed on principles of public-private partnerships and implement infrastructure development projects like roads, bridges, power projects, ports, water supply projects, residential / commercial complexes, airports, IT parts and exhibition centres Electrical Products Switchgear Products Electrical Systems Metering Solutions & Relays Medical Equipment & Systems Control & Automation Petroleum Dispensers & Systems Machinery & Industrial Products (MIPD) Information Technology & Engineering Services
Some achievements of the company are as follows
World's largest Tubular Reactor for a petrochemical plant
The world's largest Continuous Catalyst Reactor
The world's largest Fluid Catalytic Cracking Regenerator
The world's longest Product Splitter
The world's longest LPG pipeline
Asia's highest Viaduct The first to offer electrical distribution products & systems engineered for tropical environments
India's first indigenous Hydrocracker Reactor
India's first open sea jetty
India's biggest Offshore Oil Platform India's longest Coal Conveyor
India's widest range of Low Tension Electrical Switchgear
For the period ended dec 07 the company achived a turnover of Rs6382 crores with a profit of 481 crores translating in to an eps of Rs 16.66. The company's order book stands at more than Rs50000 crores now and is still adding on. The share is trading at a p/e ratio of 48which is very reasonable given the heavy orderbook it holds.Plan your investment in this stock in tranches. I mean stager your investments over a period of time and invest at major downturns in the market as the market is not in a hurry to revert back to new highs