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Sell BHEL; target Rs 132: Abhineet Anand

Abhineet Anand of Quant Broking is of the view that one may sell Bharat Heavy Electricals with a target of Rs 132.

February 05, 2014 / 16:28 IST
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Abhineet Anand of Quant Broking told CNBC-TV18, "Bharat Heavy Electricals (BHEL) is largely a player in the power sector where manufacturing capacities in India indigenously have become very high and demand is not there to the extent where the capacity has come up."

"Our target price presently is Rs 132 with a sell rating. So, we would expect that unless the stock corrects a bit it is difficult to have a buy," he said.

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first published: Feb 5, 2014 04:28 pm

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