SP Tulsian of sptulsian.com told CNBC-TV18, "Bharat Heavy Electricals (BHEL) should be able to post an EPS of Rs 20 for FY14. We all know that it is a debt free company and right now the book value is closer to Rs 127-128. The company has the order book of Rs 1 lakh crore.”
He further added, “Its Q2 has shown better improvement over Q1. When the new government comes in we are taking positive view on the capex cycle to start and the power generation sector also will get revived. At that time definitely the stock will start participating and will start giving good returns. Bad days probably have gone, Rs 110-115 are not going to be seen again now."
"So investors should look for a level of Rs 135-140 because these technical factors ahead of the expiry are making the stock to rule strong today, may be tomorrow or day after it will give a close of Rs 155 also. Thereafter it will correct and will give an entry opportunity anywhere between Rs 135-140," Tulsian said.
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