Bharat Electronics, BEML safe bets: Harendra Kumar

Harendra Kumar of Elara Capital told CNBC-TV18, "The safer bets are Bharat Electronics and to a certain extent BEML. However, this is an opportunity which is wide open, the government focus is available and we can see from the interest of Pipavav Defence, the way they are going in terms of the opportunity. So, you have to look at it but there not too many stocks to play and some of them have run up without the numbers percolating to the P&L. So, the risk currently of a time correction is far higher and that is what investors have to watch out for."

At 11:57 hrs Bharat Electronics was quoting at Rs 3,751.15, up Rs 44.75, or 1.21 percent.