Prefer L&T over BHEL, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "If one has bought a stock from a short-term or a trading perspective, I think it is prudent to look at the volume and the movement of the stock because in the capital goods engineering space wherein Bharat Heavy Electricals (BHEL) is associated with, you do not get those kinds of moves on the higher side.""You might get moves on the lower side given the kind of performance that BHEL has delivered over the last couple of quarters whenever the earning has come out. So be careful next time when you are buying a sector then it should be high beta and if you are buying it from a short-term intraday perspective or one-two weeks to two-three months perspective, my advice to the investor, and as a disclosure we do have a sell recommendation on BHEL and capital goods engineering space and our preference is tilted towards likes of Alstom, Siemens, ABB and L&T, which is a peer comparison compared to BHEL," he added."L&T has also broken those crucial supports of Rs 1,200 and virtually trading at a new 52-week low, if I am not mistaken, but from a long-term perspective in case if one wants to make a shift and by long-term the definition stands at least one-and-a-half-two years, so if one has got that kind of horizon, I would advise a switch to L&T," he said.