Pick BHEL for long term: Jagannadham Thununguntla

Jagannadham Thununguntla, Head of Research at SMC Global Securities told CNBC-TV18, "If somebody is having three to five years views and if somebody is betting on this government’s push about the infrastructure sector and its need for capital goods etc, I feel that BHEL maybe slightly from the contrarian point of view the investor can look at it.”

He further added, “Crompton Greaves and Voltas have rallied so much, so margin of safety is not that much. So to that extent BHEL may be a contrarian bet. If somebody is having three to five years view probably BHEL may not be a bad idea.”