Hold Larsen and Toubro: Salil Sharma

Nov 20, 2013, 12.12 PM IST

Salil Sharma of Kapur Shah & Co recommends holding Larsen and Toubro (L&T) as the stock may touch Rs 1500 if it manages to cross Rs 1020.

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Hold Larsen and Toubro: Salil Sharma

Salil Sharma of Kapur Shah & Co recommends holding Larsen and Toubro (L&T) as the stock may touch Rs 1500 if it manages to cross Rs 1020.

Like this story, share it with millions of investors on M3

Hold Larsen and Toubro: Salil Sharma

Salil Sharma of Kapur Shah & Co recommends holding Larsen and Toubro (L&T) as the stock may touch Rs 1500 if it manages to cross Rs 1020.

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Salil Sharma of Kapur Shah & Co told CNBC-TV18, " Larsen and Toubro (L&T) is a good stock because it has seen the worst already, it had gone down to test the lows of around Rs 700 and from there we have seen a good recovery. From the charts it is looking very clear that even for the long-term the weekly charts need to just clear above Rs 1020 level and then it would become a very good hold for the next two-three years, it is a very good play on the infrastructure space."

"I would suggest holding on to it, the share has a very good support in the long-term close to Rs 900. So that could be a stoploss and once Rs 1020 is cleared then in the next three years, I think one can expect a target of around Rs 1500," he said.

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