Buy BHEL, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We want to buy Bharat Heavy Electricals (BHEL), rather than buying Futures, buy BHEL Options. They are traded widely, they are liquid in BHEL and take a bet that BHEL is going higher. It has made new highs for this upmove. I would be a willing buyer in that."

At 10:32 hrs Bharat Heavy Electricals was quoting at Rs 159.75, up Rs 3.70, or 2.37 percent. It has touched an intraday high of Rs 160.85 and an intraday low of Rs 157.60. The share touched its 52-week high Rs 247.50 and 52-week low Rs 100.35 on 07 December, 2012 and 20 August, 2013, respectively. Currently, it is trading 35.45 percent below its 52-week high and 59.19 percent above its 52-week low. Market capitalisation stands at Rs 39,100.41 crore.