Larsen and Toubro can test Rs 1725: LKP

Larsen and Toubro (L&T) can test Rs 1725, says Rakesh Gandhi, LKP.

Gandhi told CNBC-TV18, "I have been watching JP and it has shown a good formation on chart which is kind of triple bottom. So I am just pointing out to that. There is nothing structurally changed in IVRCL or any other stocks, so I would not be going for any long positions other than JP."
He further added, "From largecap if we see - Larsen is looking good, so if trading bet is done on Larsen I think that stock looks good. If it manages to cross Rs 1650, the stock would go up to Rs 1725 also."