Sandeep Shenoy of Anand Rathi Financial Services told CNBC-TV18, "I would rather plump for the Larsen and Toubro (L&T) because considering the entire situation and the pain point what it has undergone in the last few quarters or if not few years, I think this company has exhibited signs of coming out of the woods for the first time and the last two quarter numbers convey that there could be initial amount of skepticism in the way in which the attraction to the number could be there.”
“But one particular trigger could be some kind of infusion of capital into its Infrastructure Development Projects Ltd (IDPL) subsidiary, which is a question of time. If that happens the stock could really tighten up its northward journey and its going to be an outperformer. So, I would rate it at a much better outperformer than the Axis Bank at the current juncture."
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