Larsen a good long term bet: Vijay

Portfolio Manager, PN Vijay feels that Larsen can be a pretty good long term bet in the next 12 months.

Vijay told CNBC-TV18, "L&T looks very interesting because the speed with which the government is planning to increase the orders of the NHAI, the highway program was ordering about 5,000kms a year it has come down very drastically in the last two years because of lack of financial closure and I think L&T being a big player in that, suffered. But with the new funding that is taking place, L&T will get a lot of new projects
and it’s also fallen a lot because of the Satyam affair. So this could be a pretty good long term bet in the next 12 months or so."
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