powerfulpicks stock opinion: L & T is a long term play. The management is a bit crazy and they do undertake crazy investments at times and tend to move away from strengthening their core business. Still in the infrastructure space, you cannot ignore L&T and India's infrastructure story is still in the infancy space.
You say that you are stuck in L&T at 2250. In March 2009, it was available at 600 levels and in Feb 2010, it was available at 1400. You should have averaged L&T at these times and by now, you could have exited with a nice profit. I dont know why you did not do so.
Anyway, although L&T looks over priced to me a current levels, sheer momentum and investor optimism can take this script to 2280 in around 3-4 months time, when you can exit with no profit, no loss (taking brokerage into account). You can hold it for a long term story, but since you have been stuck for so long at a high price, I think it will be better in your case to exit and start a fresh investment.
On Thu, Sep 23, 2010 at 1:03 PM, ___________> wrote:
On Thu, Sep 23, 2010 at 1:03 PM, ___________> wrote:
Hello Sri, Need your advice on L&T. I Bought this stock around 2250/- in a 1 1/2 year back and still waiting to get my rate. Could you please give me your option on this for short term trend which means 3 to 6 months time frame. Thanks and Regards
No comments:
Post a Comment