Prefer L&T over BHEL, says Dilip Bhat

Bhat told CNBC-TV18, “One will not be overeager to buy some of these capital goods stocks at the moment. We will still look at the clues as to whether the order intakes both for BHEL as well as Larsen & Toubro are reaching any meaningful proportion, though the stock price has come down especially for BHEL.”

He further added, “We will still not be in a hurry to buy, but between the two I think Larsen & Toubro appears to be the better of the two, largely because they can also taken in orders from the overseas, which is probably could be the reason why they are targeting about 13-15% growth in the order intakes. So, maybe Larsen & Toubro could be one of the stocks where probably one could gradually invest into this particular company.”