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Why is the market not taking to L&T & Reliance? Sudip Bandyopadhyay answers
“I really do not see any reason for Reliance coming down from the current levels. In fact, our view is that Reliance deserves a valuation close to Rs 3,000 immediately. As and when value-unlocking happens, there will be significant opportunities through those. The margin profile of L&T also will change in the coming quarters. ”