Don’t worry why L&T is available at attractive valuations; it is a good entry point: Dipan Mehta
"The case with L&T and some of the other largecap companies is that relentless FII selling is keeping their stock prices pinned down. So what if it is 24-25 times, 26, 25 earnings, it is a great buying opportunity and that will support further appreciation in the stock price. So rather than analysing why it is available at attractive valuations, I would say that it is a good entry point. Again, a disclosure, we and our clients are invested in it."
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