Avoid BHEL, may slip to Rs 95: Abhijit Paul

Abhijit Paul, Founder at Alphative Advisors LLP advised avoiding BHEL now. He feels the stock may slip to Rs 95.

August 05, 2013 / 17:11 IST

26 Aug, 2025 12:21

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Abhijit Paul, Founder at Alphative Advisors LLP told CNBC-TV18, "Bharat Heavy Electricals has been in a downtrend for quite sometime; the trend is fairly weak. So, it gap down for the day and this morning it seemed like Rs 130-132 kind of support should hold and in the afternoon I find the stock down to Rs 120 where the next target was."

He further added, "The stock is in such a bad shape and the trend is such weak that it makes sense not to bottom fish into this stock. It can extend downtrend further and test Rs 95 mark. I would not look to buy into the stock at this price. I will look into some stocks where the strength is. So, BHEL is to be avoided."

first published: Aug 5, 2013 05:11 pm

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