Thursday, 12 January 2017

Larsen and Toubro may move to Rs 1550

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Larsen and Toubro (L&T) basically has crossed its 200-day moving average now and infrastructure overall has done very well. Possibly, now above Rs 1,400 we could see levels of Rs 1,530 to about Rs 1,550 coming in. So, finally there is some momentum on infrastructure as well as PSU infrastructure. So, all of infrastructure is likely to move 10-15 percent." Larsen and Toubro ended at Rs 1,449.10, up Rs 36.30, or 2.57 percent on the BSE.

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