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Since Bitcoin’s (CRYPTO: BTC) March all-time high of $73,000, the market has transitioned into a phase of widespread net distribution, with investors cashing in on profits.
“The investment cycle in India and in the Middle East where L&T is very strong is picking up in a big way. According to us, it will remain a beneficiary in the foreseeable future. For the next three to five years, we see nothing changing negatively for the sector and the company in specific. Our idea is to remain invested in structural ideas.”