Buy Larsen & Toubro, says Nischal Maheshwari

Nischal Maheshwari of Edelweiss Securities told CNBC-TV18, "In Larsen & Toubro (L&T) we continue to remain a buyer. The current quarter was not very encouraging given that the domestic execution is still a very big challenge. Domestic revenues only grew by two percent especially on the infrastructure side and that was the big challenge. Order book is at lifetime high and that is what gave us the comfort basically that sooner or later this order book is going to get executed. Given that the international commodity prices are sort of at all-time lows; these two things coming together is going to help L&T."At 09:22 hrs Larsen and Toubro was quoting at Rs 1,764, down Rs 15.40, or 0.87 percent. It has touched an intraday high of Rs 1,783.65 and an intraday low of Rs 1,763.60.