Buy L&T, SBI; LIC Housing may test Rs 475: Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "Larsen and Toubro (L&T) is one stock which we are looking to buy. It has shown a pullback from Rs 1,180 this morning, so in F&O, in current market price, it is a buy keeping a stop loss of Rs 1,180. The leve of Rs 1,255 is the first target and Rs 1,270 is the second target.""In LIC Housing Finance, we have seen sharp run-up post Budget announcement. Currently it is at Rs 450-456 range in Futures, keep a stop loss of Rs 443 and target could be seen as around Rs 475," he said."On the pharmaceutical sector we are looking at Aurobindo Pharma. It is a high beta stock but the stock has run-up today but still we are looking at Rs 740-745 as a price target by keeping a stop loss of Rs 700," he added."State Bank of India is one stock which one can look to buy. It has corrected from Rs 190 and Rs 180 was the low today. So keep Rs 178 as a stop loss and we can look at Rs 190 as a price target."