Target of 2000 for L&T: Mithil Pradhan

ET Now spoke to Mithil Pradhan, Market Analyst, on his views on stocks.

ET Now: What's your outlook on L&T?

Mithil Pradhan: If you look at the last one year on how L&T has traded, it was forming a big base consolidation between a range of 1400 on the downside and about 1720 on the upside. This resistance of 1720 has been broken.

Now the range it was consolidating in was about 300 points. So you automatically add about 300 points on the top with 1700 on the basis of a pattern based view point. The target that I am having immediately would be something in the range of 2000 but I really suspect that L&T will surprise on upside. It can go much higher than 2000. So I am surely bullish on this stock.