Buy Larsen & Turbo on decline, says Amisha Vora

Buy Larsen & Turbo on decline, says Amisha Vora, Joint Managing Director, Prabhudas Lilladher.

Vora told CNBC-TV18, “In terms of Larsen the impact of the overall economic scenario in terms of slowing capex, high interest rates and so on and so forth which most of us are pretty much aware of is very high and it is the one stock which will reflect if the decision making improves over next couple of months be it in infrastructure sector – meaning in terms of NHAI orders or some of the other freight corridors and all that, then it will be little more event based rather than slightly more steady structural kind of a story.”
She further added, “I would say for Larsen at decline one should look at, but the performance would still be linked to how the overall scenario is improving not only in terms of the currency or the oil prices but largely in terms of the decision making and how it is really rolling out.”