JSW Energy, CESC, BHEL look attractive bets: Irani

JSW Energy, CESC and BHEL are looking attractive bets at current levels, says Mehraboon Irani, Nirmal Bang.

Irani told CNBC-TV18, “I have always been positive on the consumer discretionary, the private banking space and the IT and the pharma space. But as a market in which these 4 sectors have performed exceedingly well and possibly quite a few stocks in this forced basis are ruling at an all time high. The time has now come to shift to sectors and stocks with in the sectors which have been hammered on badly.”
He further added, “I would look at something like a power or infrastructure right now which would end up giving you the maximum gains. I am not saying one should be getting married to these stocks. These are stocks where you need to trade considering the fact that they have come down very sharply, they could end up giving you the maximum percentage returns. So Asian Paints, Colgate, ITC and HUL will continue to possibly rule around the present levels. The appreciation may not be noted if we possibly move up another 200 points on the Nifty in these stocks. The stocks which will do well are the stocks which have been hammered very badly. A JSW Energy, a Calcutta Electric (CESC) and the power space. So these two names looks interesting. Then a BHEL from the capital goods infrastructure space looks interesting. So these are the type of names where investors need to buy but learn to exit because a 10-25% appreciation if you get I don’t think you should be expecting much more from this market at this point in time.”