Buy L&T 1650 Call: VK Sharma

Sharma told CNBC-TV18, "I think positions were built in Larsen and Toubro despite whatever the reasons were and I think the stock is technically behaving well. So buy 1,650 call at around Rs 45 and keep the stoploss at Rs 30."

The company's trailing 12-month (TTM) EPS was at Rs 65.12 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 25.19. The latest book value of the company is Rs 410.59 per share. At current value, the price-to-book value of the company was 3.99. The dividend yield of the company was 1.01%.