R Sreesankar, Head Institutional Equities at Prabhudas Lilladher told CNBC-TV18, "We continue to like Larsen and Toubro (L&T). L&T is a part of our top pick. We have a target price of around Rs 1,328. There is an upside out there and it still continues to be part of the top pick. Even when the stock price had corrected, it was at Rs 1,100 levels, etc. It does not come as a surprise, we still continue to believe that is the best stock to be in, in this space especially in the infrastructure space; no two questions."
Larsen & Toubro was quoting at Rs 1,172.30, up Rs 45.80, or 4.07 percent. It has touched an intraday high of Rs 1,182.00 and an intraday low of Rs 1,132.00.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
