Stock of the day : Buy Larsen & Toubro Ltd For Target Rs.72 - Religare Broking Ltd
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Larsen & Toubro Ltd
* We are seeing a steady uptrend in Capital goods stocks and LT is leading from the front.
* Stock has been gradually inching higher from last 3 months, holding above its short term moving average .i.e 20 DEMA.
* It has witnessed a fresh breakout from a brief consolidation indicating next leg of up move.
* We thus advise buying Call option in the mentioned zone.
Buy Larsen & Toubro Ltd CMP 38.60; Range 36-39; SL 20; Target 72
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