L&T an investment bet, says Amit Dalal

Dalal told CNBC-TV18, “L&T has the best case for investment right now. They have shown the most favorable order book growth and they are not only capital goods, they are a major construction company. They have huge order book from Middle East also and that too in road infrastructure and other ports and even power plant. So it’s a big mix which they work with.”

He further added, “ BHEL has a typical problem right now with the power sector the way it is but the only upside in BHEL and perhaps the only positive in BHEL is that last year was the lowest order book increase that took place both for BHEL and also for power sector in terms of new capacity. So if the government’s next five year plan has to be put into place and power expansion has to take place and hopefully some solutions are found in terms of distribution then the order book expansion for BHEL should kickoff in FY13. But that is where the story ends in terms of capital goods.”