BHEL may slip to Rs 235-230: Manghnani

BHEL may slip to Rs 235-230, says Anil Manghnani, eqwise.in.

Manghnani told CNBC-TV18, “BHEL I think would be one of the first to get hit. Remember it is a stock that was at a 3.5 year low and then you had a huge rally from Rs 195 all the way to Rs 270 odd. So a pull back to Rs 235-230 is possible. So there you would see a lot of, at least some sort of shorting opportunity.” He further added, “The whole infrastructure space their structures are still overall weak. Yes they may have made lows and may be in that phase of starting to move up. But they still need to do some more work on the downside. So infrastructure, capital goods will be the first one to find sellers.”