Trivedi told CNBC-TV18, "L&T is one stock that has been left standing in the infra space. We know that the others are down anywhere from 70-90 percent, but I think this is a rock solid name and if investors out there are looking at playing the infra space, it is the best bet. In fact over the past few days we have actually seen fair amount of short covering and long build up in L&T as well."
The share touched its 52-week high Rs 1,719.50 and 52-week low Rs 1,185.00 on 29 October, 2012 and 04 June, 2012, respectively. Currently, it is trading 8.76% below its 52-week high and 32.4% above its 52-week low. Market capitalisation stands at Rs 96,475.41 crore.
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