Sudarshan Sukhani of s2analytics.com advises to buy Larsen and Toubro (L&T) at current levels.
Sukhani told CNBC-TV18, "I would be a buyer in L&T but I would avoid all the midcap capital good stocks and infrastructure stocks because the context is not still available for buying."
He further added, "We must remember that they have fallen for almost 40-50 days and rallied yesterday and today. It is not enough to justify buying but L&T is a blue-chip stock, the Nifty itself is cheerful and I would be a buyer there."
Sukhani told CNBC-TV18, "I would be a buyer in L&T but I would avoid all the midcap capital good stocks and infrastructure stocks because the context is not still available for buying."
He further added, "We must remember that they have fallen for almost 40-50 days and rallied yesterday and today. It is not enough to justify buying but L&T is a blue-chip stock, the Nifty itself is cheerful and I would be a buyer there."
On April 02, Larsen and Toubro closed at Rs 1,422.35, up Rs 27.65, or 1.98%. It has touched an intraday high of Rs 1,428.80 and an intraday low of Rs 1,392.10.
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