Phani Sekhar of Karvy Stock Broking told CNBC-TV18, "In the entire infra basket Larsen and Toubro (L&T) is one of the healthier names out there. It has been running up on the back of expectation and the kind of news flow that we saw especially the ministry of defence order is just the kind of catalyst that is needed to lighten up this entire sector. That explains the renewed interest post the drubbing it caught after results. So, it is still one of the better companies to look at in the larger infra space for an investor from a medium to long term perspective. There aren’t simply enough choices out there, so I would not be surprised if investors are simply forced to buy this stock."
Larsen and Toubro ended at Rs 1,573.80, up Rs 0.80, or 0.05 percent on BSE.
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