L&T could be a major beneficiary of the US-India Nuke & Defence deal. Its also gaining immensely from "Modinomics" theme, thanks to increase infrastructure spending in India.
Although L&T (CMP: 1711) has run up a lot recently from 1486 zone, looking at the chart, it could go 1778-1825 zone in the short term and in the long term (1 year), it could even go to 2220 zone.
On the downside, 1690 & 1648 may be the positional supports for the time being.
No comments:
Post a Comment