Cautious on BGR Energy, NTPC, BHEL: SP Tulsian

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Cautious on BGR Energy, NTPC, BHEL: SP Tulsian

SP Tulsian, sptulsian.com advice investors to be cautious on BGR Energy, NTPC and BHEL.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about BGR Energy See messages about BGR Energy

SP Tulsian, sptulsian.com advice investors to be cautious on BGR Energy , NTPC and BHEL .

Tulsian told CNBC-TV18, "BGR Energy will be the largest beneficiary ahead of BHEL but the kind of run up we have seen in case of BGR for last maybe 10 days or so in spite of the dull Q3 results, the stock has not corrected except for a day or two."

He further added, "I will be keeping my cautious view on all, all the beneficiaries those who will be seen as a beneficiary of NTPC orders the 9-10 power projects, turbine orders will be coming in. So probably I will keep my cautious view on all the capital goods stocks including BGR, because it is not the time to create fresh longs. Those who have been holding either as an investor or as a positional trader can continue to do so but fresh buying is not recommended to get created in these stocks."