Prefer Larsen and Toubro, says Hemen Kapadia

Hemen Kapadia of KR Choksey Securities is of the view that one may prefer Larsen and Toubro with medium-term to longer-term view.

Hemen Kapadia of KR Choksey Securities told CNBC-TV18, "In  JSPL the underperformance has been visible. There doesn't seem to be too much of a downside but seems slightly high risk because in a market like this, if the stock doesn't perform, maybe it plays catch up but slightly dicey."

He further added, " Phillips Carbon looks reasonably okay, we are in an intermediate and probably a long-term uptrend currently consolidating, Phillip Carbon can be considered but I would say that something like a  Larsen and Toubro looks good from a medium-term to longer-term point of view."

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