BNP Paribas puts ‘buy’ on BHEL, Maruti, Exide

MUMBAI: BNP Paribas has advised investors to buy BHEL, Maruti Suzuki, Exide Industries, State Bank of India, Bank of India and ICICI Bank and reduce exposure to Infosys Technologies, TCS, Wipro, SAIL and Hindalco.

At 11:45 am, BHEL was trading 1% higher at Rs 1365.90 while Maruti was down 0.1% lower at Rs 540, Exide remained unchanged from Wednesday at Rs 42.15, SBI traded 0.5% higher at Rs 1,088, BOI was trading 3% higher at Rs 247.50 and ICICI Bank, up 1.9% at Rs 376.

���Potential moneymakers in the medium term are to be found among commodity users that have a stable demand profile and among interest rate sensitive stocks trading at attractive valuation. BHEL, Maruti and Exide fall in the first category, though for Maruti, a good buying opportunity may arise post third quarter results," said the BNP Paribas report.

In the case of Infosys, the recent outperformance is because of its perceived superior corporate governance, is providing a selling opportunity, the report said.