SP Tulsian of sptulsian.com told CNBC-TV18, "One can look for Bharat Heavy Electricals (BHEL). I don’t know about the follow-on public offer (FPO) plans. We heard on Monday about meeting, but minister Praful Patel again seemed to be not very inclined with that. If you just remove the overhang of FPO and I don’t think that that is likely to get materialised in this next couple of months also because maybe post the elections again all political parties will be busy for general elections of 2014. So if you remove that, I am keeping my positive stance on BHEL."
He further added, "One should look to go for profit booking in Crompton Greaves and Larsen and Toubro. L&T can correct to a level of Rs 1,020-1,030, but in BHEL probably we are seeing fundamental and technical strength."
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