Stock of the day : Buy Larsen and Toubro Ltd for Target Rs.88 - Religare Broking Ltd
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Larsen and Toubro Ltd
* LT has been in a steady uptrend for the last 6 months.
* It has witnessed a breakout from brief consolidation and reclaimed its short term moving average.
* The price pattern coupled with positive momentum indicator suggests bullish tone to continue.
* We thus recommend creating longs through the Call option
BUY Larsen and Toubro Ltd BUY 3000 CE CMP 49.45; Range* 48-50; SL 31; Target 88
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