Hold Bharat Electronics, says Hemen Kapadia

Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "Bharat Electronics is a hold. We have been moving almost 13 months now. Last trading range without any directional bias, the range is between Rs 1,400 on the upside and Rs 970 on the downside. So no directional bias whatsoever, short-term oversold bouncing back in line with the rest of the market. I would suggest a hold but I would also suggest a stoploss of Rs 1,010."At 14:55 hrs Bharat Electronics was quoting at Rs 1,076.50, down Rs 17.45, or 1.60 percent on the BSE.