Update:

Larsen and Toubro has crossed the mild resistance level of 1620.(Refer earlier post). Use a stoploss level of 1625 and wait for the stock to breach 1650.The company has secured good projects and raise in defence FDI is a positive for the company. So the stock may continue the uptrend.

Read the following links:

http://www.moneycontrol.com/news/buzzing-stocks/lt15-bags-rs-5076-cr-orderkuwait-oil-company_1126951.html

http://www.moneycontrol.com/news/business/modi-budget-raising-defence-fdi-cap-to-49-positive-strategic-lt_1125404.html