Dec 06, 2012, 11.35 AM | Source: CNBC-TV18
Larsen and Toubro (L&T) can test Rs 1840-1850, says Ambareesh Baliga, Independent Analyst.
Baliga told CNBC-TV18, "I can only say that speculators are quite active and as far as United Spirits is concerned, I think it’s fully priced at this juncture. I was expecting levels of Rs 2,000 post the deal and it has crossed that, so I do not see much of an upside from here."
He further added, "We have been looking at some of the infrastructure space because the way I see the markets moving over the next two-three months would be led by infrastructure as well as capital goods. In infrastructure we are still recommending GMR Infra inspite of the issues they have had, I think it’s already there in the price."
"The one we are recommending is GVK Power and among the largecaps L&T and BHEL where I still see a decent upside. We see levels of about Rs 1,840-1,850 in Larsen and Toubro and BHEL should at least go to levels of about Rs 270-280."
L&T sees huge potential in defence under 'Make in India'
The infrastructure major, which saw its bottomline
Buy L&T 1140 Call, Infosys 1200 Call: VK Sharma
VK Sharma of HDFC Securities recommends buying L&T
Hold Larsen and Toubro; target of Rs 1200: Religare
Religare and has recommended hold rating on Larsen
Corporates contribute Rs 18.87 cr to CM Relief Fund
Corporates, including Infrastructure major Larsen
Buy Larsen & Toubro, Tata Motors: Manoj Murlidharan
Manoj Murlidharan, Head of Derivatives at Religare
Add Larsen & Toubro to portfolio, says Bhavin Desai
Bhavin Desai of Motilal Oswal Securities recommend
Sonia hits back at Modi for blaming Cong for Par'l disruption
Sonia was addressing office-bearers of 11 front or
Uttam Galva Steels' independent director D L Rawal passes away
Uttam Galva Steels Ltd has informed BSE about the