SMC Global Securities' top stocks for 2018: BEL, NHPC & Engineers India

SMC Global Securities has released their list of top stock ideas for 2018. In an interview to CNBC-TV18, Saurabh Jain, AVP Research of SMC and Author of that reports spoke at length about the top ideas.

According to him, the government will boost defence expenditure ahead of the 2019 elections and Bharat Electronics (BEL) will be a key beneficiary.

The second stock on the list is NHPC and Jain believes that the dividend yield for NHPC is at a healthy level of 6 percent.

Last stock on his list is Engineers India and according to him, increasing oil prices will be beneficial for the stock and will also benefit from capex by oil marketing companies (OMCs).