InvestorQ : bought bhel at 41 , cmp at 35 do u advise to average at this level?
dipesh kantibhai wadhel made post

bought bhel at 41 , cmp at 35 do u advise to average at this level?

Answer
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Ria Jain answered.
1 month ago


BHEL is building into a very solid long term story. Let me explain. Don’t look at BHEL as just another PSU story. It may be making losses, but that is immaterial. It could emerge as the outsourcing powerhouse for global companies.

BHEL still has acres of property in its name and many of its highly skilled workforce are still with them. BHEL is very likely to position itself as a outsourcer for global companies especially in the defence space, where more goods will be manufactured locally.

If that happens, then the prospects are great. If you bought at Rs.41, don’t worry. Average the stock if you get around Rs.32 or Rs.33 and take a slightly long term view. You should get targets of Rs.75 to Rs.80 on this stock.