AM Naik selling his shares more of portfolio call: Nitin Raheja

In a chat with ET NOW, Nitin Raheja, Chief Investment Officer, AQF Advisors, shares his opinion on L&T Chairman AM Naik selling some parts of his L&T shares.

ET Now: Capital goods is one space which has really been appreciating fast and steady but would you be worried at all about Chairman AM Naik selling some part of his shares in L&T on a consistent basis?

Nitin Raheja: I do not think so, if you were to look at capital goods the only company that we would typically look at is L&T considering the stability of the business that they carry and it is more probably a personal call on and it is more of a portfolio call probably is taking within his overall portfolio so I would not really look too much into that.