Exit LT at around Rs 1540: Tulsian

SP Tulsian of sptulsian.com is of the view that Larsen and Toubro can touch Rs 1540-1545. "My advice will be that, look to exit anywhere between Rs 1540 or above and look to buy back the stock again at a level of Rs 1450 in next month or so," he added.

Tulsian told CNBC-TV18, " Larsen and Toubro (L&T) is showing a lot of volatility. In fact now we are ahead of the results season where I don't think that there is any doubt on the results expected from L&T, but since the expected results have not been crystallized by the analysts, so till then I will advice you that may be you can keep a target of about Rs 1540-1545."

He further added, "May series is seen to be quite dull and boring. I expect that in the month of May you will probably find the shares ruling at a level of Rs 1450 or may be lower than that somewhere between Rs 1420-1450. My advice will be that, look to exit anywhere between Rs 1540 or above and look to buy back the stock again at a level of Rs 1450 in next month or so."

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