Hold BF Utilities, says Ashu Madan

Ashu Madan of Religare Securities told CNBC-TV18, "BF Utilities has been in news and in line with others, it has one specific problem as far as stock is concerned and second is there is a sectoral issue which is the realty under pressure. But, it has again, weathered that storm. So, with all the things going around, I would say that there could be a positive surprise, irrespective of realty under pressure and irrespective of the specific issues which the company faced in the past. So, I would say that future looks much better than compared to any other stock within the sector.""My suggestion would be to hold and there could be some positive surprise. So, I am not jittery about holding this stock, even if I have to hold it for a little medium to loner term. So, with that context I would say to hold this stock," he said.