Buy L&T; target Rs 1400-1410: Devangshu Datta

One can buy Larsen and Toubro (L&T) for target at Rs 1400-1410, says Devangshu Datta, Consulting Editor, Business Standard.

Datta told CNBC-TV18, "One can buy Larsen and Toubro (L&T) and look for targets in the Rs 1400-1410 region with a stoploss at about Rs 1320 or may be at Rs 1300 or so." He further added, "I think United Spirits may give a bigger bounce or SpiceJet for that matter. The thing is that these are all such low priced stocks, 10 paisa movement equates to a 1% gain or loss. So, it's very difficult."