L&T may touch Rs 1225: Abhineet Anand

Abhineet Anand of Quant Broking told CNBC-TV18, "We had a buy on Larsen and Toubro (L&T) but we had revised the target price from Rs 1125 to Rs 1225 in L&T. The stock has almost come to those levels and I believe that multiples need to be changed there. We also revised the numbers for Voltas post the concall yesterday where management seems very confident on some of the margin profiles."

On February 5, 2014 Larsen and Toubro closed at Rs 984.20, up Rs 1.60, or 0.16 percent.

The share touched its 52-week high Rs 1,152.40 and 52-week low Rs 678.10 on 09 December, 2013 and 28 August, 2013, respectively.