Manoj Murlidharan positive on BHEL, target Rs 252

Manoj Murlidharan, Head of Derivatives at Religare Securities told CNBC-TV18, "We feel that there is a good bounce which can happen in Bharat Heavy Electricals (BHEL) at this point of time though initially the target that I have given is Rs 252. The stock should be somewhere close to Rs 225 but I feel if this prolongs, we can expect a good level of Rs 268-270 also."

"As of now with Rs 215 as a stop loss, we are expecting a target of Rs 252. So we are positive on BHEL. We are expecting a good bounce on the stock," he added.