Stay with Larsen and Toubro: Sharmila Joshi

Sharmila Joshi of Peerless Securities told CNBC-TV18, "I don’t really see infra as a space kind of recovering for the next couple of quarters and that is when one should begin to see first signs really coming in. Though we have said that we are putting infra projects on a fast track etc, the way orders will flow for these companies and how they execute them will play a large past in really driving stock prices as well but Larsen and Toubro is fairly nicely placed within that segment, so I would have a target of about Rs 920.”

“I would agree that if one were to see the kind of fall that we saw less than a month ago in the stock markets then closer to Rs 700 would be a brilliant level to try and average out Larsen. So, for the moment I would stay with the stock and really see how the markets moves and if I get an opportunity I would try and add it lower,” she added.