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Sell Startegy for Larsen and Toubro in Short Term

Posted By On 8:23 PM Under

1. Larsen and Toubro is suffering due to Satyam fraud fiasco as it had bought around 4% of the shares while the Satyam stock was quoting near the levels of Rs 178.

2. Larsen and Toubro in its quest to keep the losses which were amounting to Rs 400 Crore has gone ahead with bottom fishing in Satyam Stock and purchased more 8% of stock and is now holding 12% in the stock.

3. As a result of this abrupt decision by the company to hike stake in Satyam one can issue a sell recommendation for the stock in the short term as market has given a thumbs own approach for the stock.

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