Buy Larsen & Toubro: Sudip Bandopadhyay

Sudip Bandyopadhyay, Market Expert told CNBC-TV18, "The progress on the order book in Larsen & Toubro (L&T) has been commendable. Execution in the middle-east had been a challenge and I think they are nearing that and that is what Shankar Raman was mentioning. The profitability is under pressure and they are still not out of the woods as far as domestic project profitability is concerned. We will have to wait and watch." "The results are okay, not too bad but nothing great to jump into the fray. We continue to believe that for a long-term investor, Larsen and Toubro at current level is a good buy and we will maintain that stand even post these results," he said