Go long in BHEL, advises Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I would like to go long in the Bharat Heavy Electricals Limited (BHEL) either at current level or on a dip unless it breaks Rs 263 once again. I would still be looking on the long side and chances are that we would see going forward the level of Rs 275 being scaled and if that is crossed then Rs 283 would be the next target for the stock. It is one of the stock that I would be recommending to my clients to stay long in or if they haven’t gone long they should look for an opportunity to go long."

At 09:38 hrs Bharat Heavy Electricals was quoting at Rs 255.10, down Rs 12.80, or 4.78 percent. It has touched an intraday high of Rs 255.90 and an intraday low of Rs 251.