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Short BHEL, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may short Bharat Heavy Electricals (BHEL).

August 26, 2013 / 11:25 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Heavy Electricals' (BHEL) two days rally is irrelevant. The declines are far bigger. It would be an opportunity to go short in BHEL. I would ignore the rally completely."

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 55.94 percent below its 52-week high and 19.63 percent above its 52-week low. Market capitalisation stands at Rs 29,383.44 crore.
first published: Aug 26, 2013 11:25 am

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