What to buy in capital goods space other than L&T
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Last Updated: Feb 19, 2021, 12:14 PM IST
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Synopsis
One has to buy stocks when there is less positive news and then just wait out. Over a two-three-year period, they could actually do well.
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NSE asksandipsabharwal.com
What about the outlook when it comes to the capital goods sector? Do you think L&T continues to stand out within the capital goods/infrastructure basket?
Absolutely because L&T’s market share has gone up substantially in the large budget segment. If you look at the bidding in large projects and the percentage of projects being won by L&T, it is the highest in the last several years that saw various sectors and companies getting disrupted. Some companies are under pressure due to higher debt etc. They are not competing and L&T’s competitive position has gone up.
L&T remains the top pick in the infrastructure sector. Smaller companies like JMC Projects and Ahluwalia Contracts are also very good with excellent order books, says Sandip Sabharwal