Moneycontrol
Nov 29, 2016 04:28 PM IST | Source: CNBC-TV18

Prefer Bharat Electronics, says Parag Thakkar

Parag Thakkar of HDFC Securities is of the view that one may prefer Bharat Electronics.

Parag Thakkar of HDFC Securities told CNBC-TV18, "Bharat Electronics (BEL) is always a great story to be in. They are sitting on a highest order book ever around Rs 34,000 crore; this is four years of order book."

"We all know that defence Budget is going to increase in this kind of an environment where there is a tension going on at the border and plus government is having a fiscal headroom to spend. So, that is a great story to be in, no doubt about it and it is juts trading at hardly 20 times. For a company which is special sort of company where there is very limited competition, so great company to be in no doubt," he added.

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