L&T a good portfolio stock for 2-3 years: Sandip Sabharwal SECTIONS Last Updated: May 14, 2021, 11:14 AM IST Share Synopsis "Even after the current round of uncertainties, the next 2-3 years should be good for L&T." ETMarkets.com NSE Explore Now We do not know whether L&T will correct or not but the direction should be good for the stock for the next 2-3 years, says independent market expert Sandip Sabharwal. Edited excerpts from his interview with ET Now: Do you think the recent dip in metal stocks is a buying opportunity? Is the dip shallow? In the near term, there is a risk in metals because of the way the stocks have gone up. Most traders had bought metal stocks in a highly leveraged manner, not only in India but even globally. If the leverage play is very high, we eventually get to a stage where the risk-reward ratio reduces. So now when these stocks are one-fourth of their current size, no one wants to touch them. They have gone up 300-400 per cent and some people think that these are the stocks for the future but the stock market doesn't work that way.