Larsen and Toubro may slip to Rs 1150: Salil Sharma

Larsen and Toubro may slip to Rs 1150, says Salil Sharma of Kapoor Sharma and Company.

Sharma told CNBC-Awaaz, "Larsen and Toubro is looking weak on chart. The stock has downside support at Rs 1302-1303. If it goes down to support level then we can see level of Rs 1150 future."
The company's trailing 12-month (TTM) EPS was at Rs 66.07 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 20.05. The latest book value of the company is Rs 351.07 per share. At current value, the price-to-book value of the company was 3.77. The dividend yield of the company was 1.09%.