Do not see much downside in BHEL: Ambareesh Baliga

Aug 27, 2013, 06.24 PM IST

Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services does not see too much downside in Bharat Heavy Electricals (BHEL).

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Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services does not see too much downside in Bharat Heavy Electricals (BHEL).

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Do not see much downside in BHEL: Ambareesh Baliga

Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services does not see too much downside in Bharat Heavy Electricals (BHEL).

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Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services told CNBC-TV18, "I do not see too much downside in BHEL from current levels, maybe Rs 95-96 levels should be the bottom for that. In case of L&T, Rs 625-640 should be the bottom, but then the question is would we buy these now, I do not think."

"One should still wait a while longer. For example, if L&T is coming down to Rs 625, at that point of time also I will possibly check out as to what is the ground level situation before heading out and buying that," he said.

Harmonis Hubungan