The infrastructure sector saw strong topline growth in the third quarter but order inflow remains the key concern, said Abhineet Anand, lead analyst, Research Equities at SBICAP Securities.
There has been a slowdown in order inflows right since November. However, year-to-date order inflows are up in double-digits, said Anand. When asked if the government capex would get reduced because future flows are committed to farmers, Anand said, in the Budget, there were schemes for sectors like rail, road and defence so there may not be a significant slowdown but the growth may not be same as last year.
Anand said a lot of stocks have fallen 15-30 percent. Stock specific, the multiples of Larsen and Toubro have corrected. It is a buy on dips because it is a bellwether stock, said Anand.