Jagannadham Thununguntla, Head of Research at SMC Global Securities is of the view that one may pick BHEL with a long term view.
Jagannadham Thununguntla, Head of Research at SMC Global Securities told CNBC-TV18, "If somebody is having three to five years views and if somebody is betting on this government's push about the infrastructure sector and its need for capital goods etc, I feel that BHEL maybe slightly from the contrarian point of view the investor can look at it."
He further added, " Crompton Greaves and Voltas have rallied so much, so margin of safety is not that much. So to that extent BHEL may be a contrarian bet. If somebody is having three to five years view probably BHEL may not be a bad idea."
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