Fundamental Radar: L&T a preferred buy ahead of Budget 2023

"L&T has a strong and diversified order book of ~Rs 3.7 lakh crore with revenue visibility of more than 2 years. Order prospects for the next few quarters are high at Rs 6.3 lakh crore. FY23-24 Budget expectations for increased outlay in infrastructure bodes well for a leader like L&T," Khadija Mantri, AVP Research at Sharekhan by BNP Paribhas, said.