Sep 07, 2013, 01.14 PM | Source: CNBC-TV18
Siddharth Bhamre of Angel Broking is of the view that one may sell Bharat Heavy Electricals at around Rs 150. He advised going long in Jaiprakash Associates.
Siddarth Bhamre (more)
Head- Equity Derivatives & Technical, | Capital Expertise: F&O
"I may not short Jaiprakash Associates , but certainly it is the stock which I would be going long," he added.
On September 6, Bharat Heavy Electricals closed at Rs 141.55, up Rs 4.35, or 3.17 percent.It has touched an intraday high of Rs 142.80 and an intraday low of Rs 135.00.
The share touched its 52-week high Rs 272.45 and 52-week low Rs 100.35 on 05 October, 2012 and 20 August, 2013, respectively. Currently, it is trading 48.05 percent below its 52-week high and 41.06 percent above its 52-week low. Market capitalisation stands at Rs 34,645.78 crore.