See further upside in BHEL: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Heavy Electricals (BHEL) should see further upside. A lot will depend on how the Nifty behaves, but assuming that the Nifty remains choppy I cannot give a target because it is just breaking out. I would say that it remains an outperformer for the next few days."

At 13:27 hrs Bharat Heavy Electricals was quoting at Rs 149.60, up Rs 5.45, or 3.78 percent. It has touched an intraday high of Rs 150.50 and an intraday low of Rs 144.80. The share touched its 52-week high Rs 247.50 and 52-week low Rs 100.35 on 07 December, 2012 and 20 August, 2013, respectively. Currently, it is trading 39.56 percent below its 52-week high and 49.08 percent above its 52-week low. Market capitalisation stands at Rs 36,616.10 crore.