Buy Larsen and Toubro, says Kamlesh Kotak

Buy Larsen and Toubro, says Kamlesh Kotak, Asian Market Securities.

Kotak told CNBC-TV18, "L&T posted reasonably good set of numbers in challenging environment, the management guidance in terms of order intake and revenue booking is also comforting, the traction is expected to improve going forward while our SOTP valuation is Rs 1975 on the stock. We see intraday, the stock is going to rebound to around Rs 1660 so we recommend a buy on the stock."

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