Stock market analyst Anil Singhvi is of the view that investors can sell Larsen & Toubro Ltd stock with intra-day target of Rs 1865.

According to analyst, the interested investors can buy the stock with stop loss of Rs 1950.

Today, the shares of the company opened at Rs 1925 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1949 and a low of Rs 1395.50 on BSE.

Current EPS & P/E ratio stood at 52.56 and 35.49 respectively.

L&T General Insurance, the general insurance division of L&T, has bagged the required authorization from IRDA of India for starting its insurance biz processing.

The insurance biz will be headed by CEO Joydeep Roy, with an initial group of 100 workers, and 20 insurance products.

L&T's two JV firms with Mitsubishi Heavy Industries (MHI) and Mitsubishi Electric Corporation (MELCO) started manufacture of turbine generators and boilers at their freshly formed factories in Hazira, Surat.

In this way, L&T MHI JV turns only the second in the country to make power generation equipment locally that will provide a major thrust to growth of new generating capacity.