Ride on Larsen and Toubro, says Amisha Vora

Amisha Vora of Prabhudas Lilladher said she would like to ride on Larsen and Toubro (L&T) on investment basis.
 
Vora told CNBC-TV18, “Though interest rates will benefit the infrastructure stocks the most and in terms of unfinished agenda of government, it is also the debottlenecking of current infrastructure projects and having economy to feel its multiplier impact would be the biggest priority for government.”
 
“In the first phase, we would like to ride it through Larsen and Toubro (L&T) on investment basis. Of course, on trading basis one can look at stocks like IVRCL with all the controversies that it may still have, there are sufficient assets which on selling can reduce their debt. These are the two stocks within this spectrum and everything in between, we still think that they will use every occasion for dilution to reduce the debt and that will not be anything greatly accretive for investors in secondary market,” Vora added.