Tuesday 11 November 2008

Buy Larsen and Toubro says Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can buy Larsen and Toubro, L&T close to the recent bottom as it looks promising in capital goods stock.

Bhambwani told CNBC-TV18, "Punj Lloyd is looking like it might take a while to recover. BHEL and ABB also look like there is going be a lot of overhead supply coming from people who are tried of holding them – who had bought them with a view of sell on bounces. L&T looks to be the most promising of the lot and one see this stock somewhere close to the recent bottom and it is time to start buying."

Source: Moneycontrol

Posted by Harsh at 07:29

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.