Exit BHEL; prefer L&T, Siemens: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have a reduce recommendation on Bharat Heavy Electricals (BHEL) for a very long time. If you just recollect the last quarter, the stock rallied to Rs 145-148 and post those uptick and of course, the pleasantries that were there on fall-back of the numbers, we saw selling coming in and then this has underperformed.""Our view is to exit maybe at current levels or on pull-back and look at Larsen and Toubro, Siemens and KEC International as an alternative to this particular stock from a long-term point of view," he added.