L&T best stock in capital good segment; best to trade upside: Siddh Capital

Vinith Jain, Director, Siddh Capital in an interview with ET Now talks about the prospects of the L&T stock.

A lot of analysts say that L&T is set for the breakout, it looks like higher levels are fairly achievable. Would you take that same view on L&T? Do you look at any other stocks in the capital goods space?

L&T is the best stock in the capital goods segment. L&T looks very good for around 1850-1900. The stock could go up to there whereas the other stock in the capital goods segment would be BHEL, which is mildly bearish right now and trading below its long-term support line, which has been holding the stock since July last year. The stock has broken below that and so it is showing some signs of bearishness whereas L&T is the best stock to trade upside if one is doing so.