Stock market analysts are of the view that investors can buy Larsen & Toubro Ltd stock to achieve an intraday target of Rs 1655.

According to them, investors can buy the stock above Rs 1641 with a strict stop loss of Rs 1627.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 1658.

Shares of the company, on Monday (Dec 07), closed at Rs 1637.65 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1800 and a low of Rs 557 on BSE.

Current EPS & P/E ratio of the stock stood at 48.97 & 33.57 respectively.

Larsen & Toubro's Infrastructure Operating Company has pocketed a contract worth Rs 844 crore from NPCIL for production related works of reactor at the Kakrapar Atomic Power Project in Gujarat.

The scope of the order includes building of reactor house, secondary buildings, waste management and exhaust ventilation building, heavy water upgrading facility, production & assembly of structural steel works comprising civil, structural and architectural works.

The project is schedule to be finished in the next 49 months.

On Dec 02, Mr. A M Naik, CMD Larsen & Toubro (L&T), kicked off a high-tech casting manufacturing unit as part of its Coimbatore complex.

The unit will have total production capacity of 30,000 tons annually, and is targeted against the best in the globe on productivity for mass production of large-sized castings.

The casting manufacturing unit is the sixth L&T plant to come up at Coimbatore.