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L&T a good portfolio stock for 2-3 years: Sandip Sabharwal


L&T a good portfolio stock for 2-3 years: Sandip Sabharwal
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Last Updated: May 14, 2021, 11:14 AM IST
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Synopsis
Even after the current round of uncertainties, the next 2-3 years should be good for L&T.
ETMarkets.com
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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 ....

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L&T shares: A timely ESG shot in the arm may support L&T's stock


A timely ESG shot in the arm may support L&T s stock
With improved ESG rating, L&T stock has moved to the average category from laggard . It can therefore now figure in the investable universe of global ESG investors.
Synopsis
On the business front, L&T’s order inflow picked up sharply in the second half of the FY21 after a contraction in the first half.
ET Intelligence Group: After languishing in a tight range over the past three months, the stock of Larsen & Toubro (L&T) may regain momentum following rising interest among foreign institutional investors (FPIs). Their holding in the company increased by 90 basis points sequentially to 22% in the March quarter, according to the data from the BSE. In addition, the company’s rating on the environment, social, and governance (ESG) scale has been ....

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