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May 13, 2005, 03.09 PM IST
Hormuz Maloo is of the opinion that long term investors must stick with Larsen and Toubro. The stock is expected to give decent appreciation.
Maloo told CNBC-TV18, "So far as they are doing well. If the investor is a long term investor, then this stock is definitely a hold. It is expected to give decent appreciation. For mid term investors he said, "From a medium term perspective we see a resistance around Rs 1000-1100 levels, this could be a level at which you could book some profits."
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