Buy Larsen and Toubro: Manas Jaiswal

According to Manas Jaiswal of Manasjaiswal.com, one may buy Larsen and Toubro as the stock can test Rs 1750 in next 3-4 trading sessions.

Manas Jaiswal of Manasjaiswal.com told CNBC-TV18, " Larsen and Toubro has taken support near to 38.20 percent retracement level of its previous upmove yesterday and today it bounced back. The stock broke the resistance of Rs 1680 on the intraday chart. So, we may see further recovery and L&T can test Rs 1750 in next 3-4 trading sessions. So, one can buy the stock with a stoploss of Rs 1660."

At 14:12 hrs Larsen and Toubro was quoting at Rs 1,682.00, up Rs 28.35, or 1.71 percent. It has touched an intraday high of Rs 1,698.90 and an intraday low of Rs 1,655.

Disclosure: Analyst does not have any personal positions in the stock but has recommended the stock to his clients.

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