Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities told CNBC-TV18, "I think Rs 1,100 is coming in Larsen and Toubro (L&T). The stock is appearing to be one of those stocks, which is giving so much support to the Nifty."
"I think there is no direct correlation to the Nifty movement in L&T on the downside, but the stock is proving to be a good hedge against the market fall," Thununguntla said. Also Read: L&T wins Rs 2085 cr contract to build expressway in Oman
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