Good time to enter L&T: Avinash Gorakshekar, Anagram Capital Ltd

Avinash Gorakshekar, Head of Research, Anagram Capital Ltd, in a chat with ET Now talks about capital goods stocks and L&T.

Is there anything in the broader markets that would tempt you to buy into purely from a fundamental or the valuation perspective?

I would be positive on capital goods. Although stocks like L&T or may be a BHEL have been hammered, my guess is these companies have got very strong visibility for the next 2-3 years. This is a bad day for the markets. But if you look at, the fact that capital goods is a sector which has got a great amount of steam to perform - even on the fundamental side.

So if you get a stock like BHEL and L&T at valuations down by about 15-20%, this could be a good time to enter From a medium-term perspective. Probably you need to take a contrarian call because this may not work out in the short term. But in the medium term, 12-15 months ahead, probably good amount of money can be made if you buy now.