Larsen and Toubro can move to Rs 1760-1770: Kedia

Larsen and Toubro can move to Rs 1760-1770, says Sushil Kedia, President, ATMA, ECR.

Kedia told CNBC-TV18, "ICICI Bank is a buy on pullbacks because it has run up a bit and Larsen and Toubro looks like once we are around Rs 1,560-1,565 are from thereon you will get about a Rs 200 move going upto Rs 1,760-1,770."
He further added, "Reliance has not been the easier one to play, there is large amount of noise while the stock continues to be define any gravity. So with a larger noise, Reliance going closer to Rs 1,100 odd area is quite feasible and typically Reliance is the last one to move and carry the market with it."