Sell BHEL, target Rs 252: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "On the upside Rs 280-282 is the weighted average price of distribution in Bharat Heavy Electricals (BHEL). The buying has not come into the cash market and we are seeing some distribution in the derivative side. So it is a sell with a stop loss at Rs 284 and we expect BHEL to be around Rs 252 which should be the target."

At 12:08 hrs Bharat Heavy Electricals was quoting at Rs 274.45, up Rs 1.15, or 0.42 percent. It has touched an intraday high of Rs 276 and an intraday low of Rs 272.15.