Hold Bharat Electronics: IIFL

Hold Bharat Electronics, says Manoj Murlidharan of IIFL.

Murlidharan told CNBC-TV18, "BEL looks good. We have seen excellent delivery. We are seeing a good positive cost of carry and we are seeing good long build up happening. So we feel it is at Rs 1515 so Rs 1462 happens to be a good stop loss. We feel you should hold on to and Rs 1680 is where we are looking at the stock. That would be our favourite pick in that."
He further added, "In Havells we have seen good buying happening. There was cash based accumulation giving good support. So we feel Rs 491 is what it is trading at so Rs 480 to Rs 481 should be a good stop loss and we are seeing at least Rs 512 on that. So these would be our top main two picks at least for the short term."