BHEL is a good play for investors: Sandip Sabharwal, Prabhudas Lilladher

In a chat with ET Now, Sandip Sabharwal, CEO-PMS, Prabhudas Lilladher, shares his views on capital goods space.

ET Now: BHEL is a stock that has taken a severe hammering in past sessions. It has climbed today in trades do you believe that BHEL is today at attractive levels enough for you to buy?

Sandip Sabharwal: BHEL as a stock does not really have triggers for it. However, the valuations are extremely attractive. From value point of view, it could be a good play for investors, where they could buy it with a trading stand point. But for a long term investor who is looking at growth stock, it is very difficult to see growth coming through in this company in a significant manner over the next couple of years. So, the downside is limited and the upside is limited. Investors need to play it in that range.