Buy BHEL for target of Rs 2455-2520: Nirmal Bang

MUMBAI: Nirmal Bang has advised traders to buy BHEL for target of Rs 2455-2520.

“After a long time of consolidation and underperformance for quite some time, BHEL is now showing signs of revival. Even the cash volumes have started increasing in the past couple of days. The stock is also well placed above its 50-DMA of Rs 2398 which is a very positive sign for the stock. Buy for targets of Rs 2455-2490-2520 with stoploss of Rs 2360,” the report said.