BHEL likely to outperform on govt's infra & power push: Ambareesh Baliga, Market Expert

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on Bhel and Crompton Greaves.

ET Now: Two prominent cap good names — BHEL and Crompton Greaves. BHEL has seen large order flows; Crompton too is not lagging behind. How would you play this ahead of the potential announcements that will come in day after tomorrow?

Ambareesh Baliga: BHEL would surely be a buy and we should remember that this stock has also corrected decently well from the higher levels. It had reached closer to 300. From there it corrected, reaching closer to 200 or slightly below that.

And post this order win, we have seen it bounce back. Considering the boom which we should see in the power and the infra sector, clearly you will have many more order flows for BHEL going ahead. So, any sort of correction should be utilised to buy BHEL at lower levels.

The same goes for L&T also where, in fact, I am looking at levels of slightly below 1400 to start buying. Talking of Crompton Greaves, I would just wait for the announcement because demerger is to a certain extent already there in the price. We will have to see at what price their land sale and other things happen.

So, I will just wait for the results before I really decide on Crompton Greaves.

But if we are talking longer term, then one should definitely buy Crompton Greaves on a correction. It is because whenever the demerger happens, it will add to the shareholder value. This is what normally happens. So, from that point of view for the next six months, you should buy it at lower levels whenever it corrects.