Feb 26, 2013, 03.34 PM IST
Sell BEML, says Phani Sekhar of Angel Broking.
Sell BEML , says Phani Sekhar of Angel Broking.
Sekhar told CNBC-TV18, "Bharat Earth Movers (BEML) is a complete sell because it has basically three revenue streams mining, defense and railways. We all know the problems associated with mining. Over the last three months you have actually seen that the budget for defense has been cut and anyway BEML is going through its own share of controversy in defense through the Tatra truck scam.”
He further added, “The only segment that is left is railways on which investors are building hope but again it is in a segment of metro coach manufacturing in which margins are traditionally very low.”
Action in BEML
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.