Technical analyst Mitesh Thacker has maintained 'sell' rating on Larsen & Toubro Limited stock with targets of Rs 1875 and 1870.

The analyst said that the stock can be purchased with stop loss above Rs 1990.

Mr. Thacker said that it is better to sell the stock at this time as there are chances of a downfall in the coming days.

After selling the stock, the interested investors can buy the stock again with medium or long term prespective.

The stock of the company, on December 22, closed at Rs 1956.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2212 and a low of Rs 1395 on BSE.

Current EPS & P/E ratio stood at 56.10 and 34.60 respectively.

L&T's arm L&T Infotech, on December 06, entered into the strategic affiliation with IBM in the Business Process Management (BPM) section, utilizing its WebSphere Lombardi Suite of products.

Via this affiliation, L&T Infotech and IBM aspire to provide BPM solutions comprising business process modeling, execution, assimilation solutions and services to its customers.

Leveraging Lombardi, the companies is introducing customizable BPM solutions in the sections of Banking & Financial Services including business loans, know your client, credit card issuance, accounts payable and insurance.

On Dec 03, the company said that its Infrastructure Operating Company has bagged a deal valued at around Rs 7.16 billion from the Department of Transport, Abu Dhabi.

The deal is for the creation of Sheik Khalifa Interchange, which has to be finished in a period of two years.