Hold L&T, will give good return in long term: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "At the moment, Larsen and Toubro (L&T) looks like stalling. There is no particular clear movement here. I would say that unless the 200-day exponential moving average which is located around Rs 1,400 and as such whenever L&T comes close to about Rs 1,400, there is some selling. So it has to take out that Rs 1,410 level decisively only then you can expect some good move happening."He further added, "L&T would definitely move but let the capex cycle come in and there is no capex cycle here at least from the private investors. So till such time that happens, do not expect big move in L&T but definitely at these prices, from a value investor point of view, you have to have patience. That is why even I am personally holding L&T. You wait, definitely L&T will give you good returns going forward over the long-term."