Remain invested in L&T, says Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "The entry level that the investor has in Larsen and Toubro (L&T) is pretty good. This stock has seen decent amount of correction from Rs 1,850 levels to around Rs 1,050. For the first time in over a year we are seeing that it is trying to flirt around 100 days exponential average. So that shows that there can be some possibility of the uptrend starting from here."He further added, "If the investor is a short-term trader then one should use a stoploss and it will be around Rs 1,100 and should have the time horizon of six months to one year then hold on to the stock and expect target of Rs 1,400 eventually in this stock."