Technical analyst Avani Mehta of Satguru Capital & Finance has maintained 'hold' rating on Larsen & Toubro Limited stock with a long term target.

According to analyst, the investors can buy the stock to attain a target of Rs 2100 in the long run.

Mehta added that it's better to buy the stock at the existing level.

The stock of the company, on January 10, marked its closure at Rs 1782.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2212 and a low of Rs 1395.50 on BSE.

Current EPS & P/E ratio stood at 56.10 and 31.99 respectively.

L&T's Buildings & Factories Independent Company, branch of its construction arm, has pocketed fresh deals worth Rs 11.81 billion in the third quarter period for building residential plants, factories comprising a specialized support facility building.

The company has bagged novel deals worth Rs 5.58 billion for making residential buildings in major cities from ace developers.

Moreover, novel deals aggregating to Rs 2.98 billion has been bagged for making factories from valued customers.

On January 05, Mr. AM Naik, Larsen & Toubro's chairman inaugurated a restructuring plan, which will carve up the Rs 370 billion engineering and infrastructure giant into nine virtual firms.

These sovereign firms will have an experienced CEO, CFO and human resource head, and will oversee its own profit and loss account.