Abhijit Paul of Alphative Advisors LLP told CNBC-TV18, "Larsen and Toubro (L&T) looks good and the move for the day has been quite sharp. The breakout came last week, I was seeing a possible target of Rs 800-820 on the upside and in Futures market it already hit a high of Rs 802."
"So wait for a little dip to buy because the stock is already up 6.5 percent but the good thing is the short-term trend has moved up. This is one of the stocks within the sector where the buying comes first and fast." "So as long as the trend stays up which means as long as it stays above Rs 750-760, the chances of testing Rs 820 on the upside stays quite high," he added. Also Read: L&T soars 7%, Goldman Sachs adds it to conviction buy listDiscover 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!
