BHEL can act defensive: Dhiraj Agarwal, Standard Chartered Capital

Dhiraj Agarwal, Director, Institutional Equities, Standard Chartered Capital, in an interview with ET Now gives his views on construction/engineering companies


On an uptick would you sell L&T, BHEL, Crompton? It is a double whammy for some of these construction/engineering companies, commodity prices are moving up and investment cycle is slowing down?

Some of them will act as a defensive for example BHEL can act as a defensive in this environment. L&T I do not have a very clear view on it at this point of time we do not have the stock under coverage but it will be tough to make too much of absolute positive returns on some of the infra names in the current environment the answer is yes to that.