Prefer Bharat Electronics, says Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "We would prefer Bharat Electronics (BEL) compared to BEML, of course don’t have any specific coverage on BEML, so won’t be able to comment but with the recent corporate action that is the spilt that happened in BEL the stock has become attractive and at around about Rs 150-160 odd levels where it is right now, your downside is also extremely protected and with the defence foray I think this is one company that will have tremendous amount of traction in terms of getting defence orders as well as executing them. So, from a long-term point of view BEL would be a preferred stock."

Bharat Electronics ended at Rs 158.90, up Rs 3.35, or 2.15 percent on the BSE.