Market had a decent short-term rally but issues remain: Jonathan Schiessl
“India has a massive deficit in infrastructure spending and that is going to last for many years. L&T is a beneficiary and it also has its Middle Eastern businesses and some exposure to hydrocarbons as well as defence. We continue to like L&T. The stock is a good way of playing the recovery in infrastructure spend within India as well as in the Middle East to a small extent.”
