ICC World Cup 2019 Stock: Is this share Hardik Pandya of Stock Market?
Like Hardik Pandya, L&T has diversified presence in the market and has a very high strike rate in terms of order book and the share is hot favourite among FPIs.
ICC World Cup has begun today with England-South Africa match and so does the perspective of people from various fraternities, which includes stock market. In this line, the Zee Business TV has presented the correlation with some shares and the major cricketers of Team India. They have said that L&T shares are like Indian allrounder Hardik Pandya.
See Zee Business tweet below:
— Zee Business (@ZeeBusiness) May 30, 2019
Elaborating upon the reason for dubbing L&T shares with Hardik Pandya Zee Business TV research team gave these three reasons:
1] Hardik Pandya is an allrounder who can bowl and bat with proficiency and so does the L&T stocks, which has a diversified presence in the market. The company has a robust presence in the construction and has made its presence felt in the hydrocarbon, defense and manufacturing sector. Post-MindTree take over, it is all set to foray into the IT sector as well;
2] As a batsman Hardik Pandya can make runs at high strike rate and in similar fashion L&T order book registers remarkable growth as it's single order are minimum Rs 5000 crore; and
3] As Hardik Pandya is famous among youth, L&T is a favourite stock among the institutional investors and if we go by the FPI holdings 19 percent of their holdings are in L&T.
So, as per the stock market experts at Zee Business TV these are the top three reasons that make L&T shares as Hardik Pandya of the stock market.