BHEL shares have now extended gains for the second consecutive session, rising over 5 percent since markets closed on March 26. The stock has risen nearly 23 percent in the past one month.
Krishnamurthy was credited with the successful turnaround stories of some of India's most crucial public sector companies.
BHEL's failures seem structural rather than cyclical
In an interview to CNBC-TV18, Jai Bala, cashthechaos.com said that he is not so bullish on the market as it is giving conflicting signals, so one should wait on the sidelines for the time being.
From the sidelines of Kotak Institutional Equities and global investor conference, Lokesh Garg who tracks the capital goods space shared is readings and outlook on that space in an interview to CNBC-TV18.
Sharekhan has come out with its report on 11 top picks. Axis Bank, BHEL, Cadila Health, Dishman Pharma, Godrej Consumer Products, ICICI Bank, L&T, M&M, Persistent Systems, Relaxo Footwear and Reliance Ind are the stocks in the top picks basket.
Bharat Heavy Electricals Ltd (BHEL) would soon commence production of renewable energy generating equipments.