1. I have written for Larsen and Toubro earlier also as it is one of the fundamental stocks in Indian stock market and thus I take the opportunity to remind you that one can add this stock in the portfolio as it is a good company. One can even read the tip for L&T by UBS here and can thus make an informed decision.
2. The stock is suffering slide due to sector being under pressure and also a fact that world economy is slowing down.
3. However those who want to get good returns can continue to hold the stock and can even consider buying fresh stock or can undertake the cost averaging.
4. Fundamental support for the stock exists with in a band of Rs 2,249-2,300, and these levels can be used to buy fresh stock if stock falls to these levels.
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2. The stock is suffering slide due to sector being under pressure and also a fact that world economy is slowing down.
3. However those who want to get good returns can continue to hold the stock and can even consider buying fresh stock or can undertake the cost averaging.
4. Fundamental support for the stock exists with in a band of Rs 2,249-2,300, and these levels can be used to buy fresh stock if stock falls to these levels.
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