L&T has nothing for short-term traders: Sharyans Resources

In a chat with ET Now, CK Narayan, President Treasury, Sharyans Resources, shares his stock ideas.

Is L&T a good bet and has the potential value to give investors good returns?

Unless you are looking at it from a very long-term perspective, it would be difficult to achieve value right now buying it. For short-term investors, L&T does not represent immediate value. That is because the stock has been in a bearish grip. It has seen the stronger part of the decline. So, may be Rs 1,485-1,500 has been a decent support, and will probably continue to remain a support. I do not really see the stock going up very substantially. So, it may range a little bit here go and up and down with some movements in the markets. It will largely be correlated to the index. I do not think L&T is going to do anything on its own.