Stay invested in L&T: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I would recommend to hold Larsen and Toubro (L&T). I believe with the economy being a bit dull in the last two years, we have seen most of the infrastructure companies not really doing well which includes L&T and their order book position which is slightly disappointing. However, as we see, both the local economy as well as Middle East market picking up again, I think L&T will be at the frontline to benefit from it."

"Other than that, I think defence is also another important area for L&T. They have got lot of good different sector holdings in their own portfolio, listed stocks now, both in IT as well as technology, and I think all these things will reflect in L&T stock price in the long term future. So one definitely needs to continue holding this stock in the long term portfolio," she added.