Stock market analyst Kunal Sarogi is of the view that investors can sell Larsen & Toubro Ltd (L&T) stock in today's session with a target of Rs 1460.

According to him, the investors can sell the stock with a stoploss of Rs 1580.

If the stock fell below Rs 1452, it may see more weakness.

Today, the stock opened at Rs 1545 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1800 and a low of Rs 951 on BSE.

Current EPS & P/E ratio stood at 49.48 and 31.03 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

On May 04, Larsen & Toubro (L&T) and Howden entered into a JV deal in order to devise, engineer, set up and supply axial fans and air pre heaters to Indian thermal power facilities.

The JV will invest approx Rs 1 billion for setting up the industrial plant and related infrastructure.

The manufacturing plant will be launched in Hazira, Gujarat and its operations are expected to start by 2011.

Larsen and Toubro Ltd, on April 22, also announced that it is reconstituting its power business to unite its Rs 4,000 crore switch gear functionings' with it.

Now, the switchgear business is division of the electrical business group, which also manages a medical equipment and systems division.