Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "The results of Larsen and Toubro (L&T) were disappointing and that is shown in the stock price, the way it has cracked."
"However, if one has to look at the capital goods space then this is the best buy, but one needs to wait for a while longer, possibly wait for the investment cycle to restart and that is the time to look at L&T. Therefore, this should be on the buying radar, but one should wait for a while for slightly lower levels," Baliga said.
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