Gautam Chhaochharia, head of India Research at UBS Securities told CNBC-TV18, "We actually like Bharat Heavy Electricals (BHEL) so we do have a contrarian call and we have a buy out there. But again it is a question of timeframe. From the next one year it still remains largely a trade specifically given where it is valued at, it still remains a good buy from a near-term perspective also."
One has to take a longer term bet on this because clearly power sector issues are still not sorted out and those issues don't sort out in six months or one year, it takes two-three years as we saw last decade," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
