Invest in BHEL: Darashaw

BHEL is looking good for investment, says Regan F Homavazir, Associate VP - Technical Research of Darashaw.

Homavazir told CNBC-TV18, "Infrastructure is a decimated space because it has had not real pullback, no real rally. BHEL has been an absolutely disappointing stock where for the last three years all investments that have been made have loss money and the stock price has become half."
He further added, "At this point BHEL has some very significant support placed between Rs 230 and Rs 250. One needs to look at BHEL at this point, it could be an investment area but upsides in the immediate term are something that one must not expect, it