BHEL looks good for long term at lower levels: Baliga

BHEL is looking good for long term at lower levels, says Ambareesh Baliga, Market Analyst.

Baliga told CNBC-TV18,"There is a slowdown in the capital goods space and especially the issues, which we are facing in the power sector right now I think are clearly playing on BHEL. So, I think this weakness could continue a while longer, but then the valuations have become decently attractive."
He further added, "If we see a fall of possibly either Rs 10-15 from here like closer to about Rs 180-182, I think at those level it makes a lot of sense and looking at it from a longer term perspective."