Go long in Larsen and Toubro: Ashish Chaturmohta

Dec 16, 2013, 02.08 PM IST

Ashish Chaturmohta of Fortune Equity Broker recommends going long in Larsen and Toubro with a target of Rs 1120-1130 and a stoploss below Rs 1038.

Tags Ashish Chaturmohta, Fortune Equity Broker, Larsen and Toubro, L&T, Bharat Heavy Electricals, BHEL, Crompton Greaves, Siemens

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Ashish Chaturmohta of Fortune Equity Broker recommends going long in Larsen and Toubro with a target of Rs 1120-1130 and a stoploss below Rs 1038.

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Go long in Larsen and Toubro: Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Broker recommends going long in Larsen and Toubro with a target of Rs 1120-1130 and a stoploss below Rs 1038.

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Ashish Chaturmohta of Fortune Equity Broker told CNBC-TV18, " Larsen and Toubro (L&T) looks very strong. We have seen a very strong addition in most of the counters let it be L&T, Bharat Heavy Electricals (BHEL), Crompton Greaves and Siemens . L&T is one stock where we have seen a very strong activity between Rs 1000-1100 mark. Of late we have seen some profit booking but I think now again it is coming to a very strong support zone of Rs 1050-1060 kind of levels."

"So we are recommending a long position keeping a stoploss below Rs 1038. On upside we are expecting a target of Rs 1120-1130 to be reached in next two-four trading sessions in L&T," he said.

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