Venkatesh B, equity analyst at Citi India told CNBC-TV18, "We have a neutral on Larsen and Toubro (L&T) and Crompton Greaves. We currently have a sell on Voltas. We don't see any point in getting too bullish about these companies over the next six-nine months. Investors could come back and revisit their thesis just before election results next year because if one takes a call that one of the two main parties have a majority, then there could definitely be a spike up in the stocks post elections."
Venkatesh further added, "One can take a call in terms of what you need to do with this sector a few months before election results are announced. Till then it is better if one doesn’t get very excited. You cannot completely sell everything and get out. There are a few stocks which you can still continue to be in. Amongst those L&T, Cummins and Havells could rate the topmost on a relative basis though we have neutrals on all the three of them."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
