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Hold BHEL, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends holding on to Bharat Heavy Electricals (BHEL) with a long term view.

October 07, 2013 / 11:47 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Heavy Electricals' (BHEL) bear market is probably over. It can be volatile which means from Rs 145, it can come down to Rs 110-120 but if someone is a long-term investor then one is likely to see much better returns and I would suggest, hold on for the long-term."

"In the short-term, it could be much more volatile but investing is a good idea. If it dips to Rs 115-120, one should add more," he said. At 11:19 hrs Bharat Heavy Electricals was quoting at Rs 145.05, up Rs 1.10, or 0.76 percent. It has touched an intraday high of Rs 146.60 and an intraday low of Rs 142.15. 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 46.76 percent below its 52-week high and 44.54 percent above its 52-week low. Market capitalisation stands at Rs 35,502.44 crore. Disclosure: I don't have the stock which we have discussed.
first published: Oct 7, 2013 11:47 am

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