Hold L&T, says Ashu Madan

Ashu Madan of Religare Securities told CNBC-TV18, "In Larsen and Toubro (L&T) the rally was because there was a big fall also, almost from Rs 1,500 levels it went down to almost three digits and 50 percent almost retracement is there. So, it should consolidate at these levels. I think the worst is over for the stock, any economic revival probably which looks like 6-9 months, couple of quarters behind us I think Larsen & Toubro (L&T) will do good.""I would say that probably one more dip whenever we see in the market we are getting those dips. L&T also give 40-50 points dip, so that is the point to buy probably add some more hold it for some time and I am sure will get good price," he added.