BHEL is a buy: Hemang Jani, Sharekhan

Hemang Jani, Senior Vice President, Sharekhan, in a chat with ET Now talks about BHEL.

You have a buy call on BHEL with the target of 2754. A lot of other analysts are also bullish on this company. What is it that is working in its favour?

This is clearly because of the strong moment by most of the capex plays like L&T, Crompton Greaves and some other companises. We find that BHEL has been a relative underperformer and overall growth here is going to be about 21% for the next 2-3 years because of the kind of order inflow that they are witnessing.

They are sitting on an order book of about 1,48,000 crore. Particularly 4 to 5 major turbine orders is what they are going to get from NTPC over the next 3 to 6 months. So we think that the risk reward is extremely favorable for BHEL at current levels.