Buy Larsen & Toubro, says Neeraj Deewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "The kind of results which have come, there will be because of the operating leverage which most of these large companies have, the margins will improve going ahead, the order book is good and order book is steadily improving. Now rough order flow is coming from India which was earlier mostly from overseas for Larsen & Toubro (L&T) because of dearth of orders from India. Once those orders are getting replaced by orders from India margins will improve there.""So, L&T is a buy on dips if you get some pause in the market consolidation. L&T should be added even at these levels," he added.