Stay invested in L&T, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Larsen and Toubro (L&T) has gone through the same amount of pain that we have seen in a lot of infra companies go through; it was evident in the numbers, it was evident in the kind of margins that they were getting on orders. It was evident in the margins that they could report in terms of their results. But, I think going forward market is slowly sort of warming up to these sort of sectors where the going has been tough and the expectation is that as economy improves you will see more capex spend and the companies like L&T getting the benefit of that."

"I think we have just heard some order announcements also coming there recently. So, all things put if you are a long-term investor then definitely stay invested in Larsen," she said.