BOB, Voltas, Sadbhav Engineering look attractive: Mukherjea

BOB, Voltas and Sadbhav Engineering are looking attractive at current levels, says Saurabh Mukherjea, Head of Equities, Ambit Capital.

Mukherjea told CNBC-TV18, “BHEL’s problems are not just balance sheet, there are also P&L problems, there are order flow challenges, and there are working capital challenges. If you have BHEL I would use this rally to lighten my position and at current price it is not worth buying BHEL.
He further added, “There is so much else to focus on why worry about rupee appreciation. There are so much reforms happening. It is opening up opportunities in the power sector, in the capital goods sector, in the construction sector, real estate sector. Decent companies are trading at close to 1 times or a little premium to 1 time. The Torrent Power at 1 times, Voltas at 1.1-1.2 times, Sadbhav Engineering at 1.5 times, the Federal Bank at 1.4 times, Bank of Baroda at 1 times. There is so much to play which is attractively valued. I really wouldn’t lose too much sleep about 2-3-4 percent moves in the rupee.”