Power as a sector will do well, says Basant Maheshwari

Basant Maheshwari of Basant Maheshwari Wealth told CNBC-TV18, "These power companies did well. There is this talk of bullet train and how BHEL would benefit and how BEML would get the orders. However, these are not really sustainable 2-4 years stories where the market would go up because markets normally look at one option or the other. So, power would do well, sometimes some infra company would do well here and there but that is not how normal investors, long term investors would like to play it."

"Power worldwide, even in India it is a regulated sector, you can’t charge more. So, these are more of a jump kind of stocks, you make 10-20 percent and you move out, they are not investment stocks, they are more of trading bets, positional trades if I may call it."

"We don’t look at power sector as such, we don’t look at them. However on a overall scale I think the market is really short of earnings led growth. All the growth that we see is because people are pumping in money and because the markets go up people are pumping in more money. So, that should continue but beyond a point I can’t make out a long term case for a secular led bull market like we had in 2003-2008, so that doesn’t seem to be coming anytime soon," he said.