Book profits in Larsen and Toubro: Abhijit Paul

Abhijit Paul of alphative.com told CNBC-TV18, "I sense that from a medium-term point of view Larsen and Toubro (L&T) has some upside left, but from a short-term point of view I sense that the stock probably will tire out in the next couple of trading days in the range of close to Rs 975-995. It had given an excellent move. What it has managed to do is actually improve its structure so well that from a medium to long-term point of view also market players will find it quite attractive."

"From a short-term point of view I sense this is a time probably to take some profits off the table. From a medium to long-term point of view I will suggest use a dip to get into it. The very strong support for the stock now comes in the range of Rs 880-900. As long as this holds from a medium-term point of view I sense that L&T will do good on the upside from hereon," he said. Also Read: DLF awards Rs 1,337 cr construction contract to L&T Disclosure: I do not hold the stock that we have mentioned in the show, but we do recommend the stock to our clients.