Lokesh Garg of Kotak Institutional Equities told CNBC-TV18, "Essentially at this point of time, our overall call on capital goods is cautious because environment is still negative and has possibly still not stabilised. Within that space, we are picking up names based on valuation and risk reward frameworks."
"The names that we are picking up for positive call at this point of time are Larsen and Toubro (L&T), Voltas and Crompton Greaves. Essentially we see enough safety in terms of valuations and numbers at this point of time in these companies," he added. Also Read: Larsen & Toubro wins $352 mn Oman road projectDiscover 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!
