Wait and watch BHEL: Rajan Malik
We would continue to be optimistic about BHEL. But, the kind of orders that are flowing through, one needs a pickup in domestic investment.
By 
| Updated:
| Updated: Rajan Malik, Head Equities, Private Client Group, MF Global in a chat with ET Now gives his views on BHEL.
ET Now: After yesterday's results, how confident are you about BHEL targeting 15000 to 16000 megawatt orders in FY13? The management was quite bullish about the quarters ahead.
Rajan Malik: We would continue to be optimistic. But, the kind of orders that are flowing through, one needs a pickup in domestic investment. This requires investor confidence coming back into play which does not seem to be happening as of now.
The RBI policy, where everybody expects the RBI to cut rates may change things. But, it too premature to really bank on anything that.
ET Now: After yesterday's results, how confident are you about BHEL targeting 15000 to 16000 megawatt orders in FY13? The management was quite bullish about the quarters ahead.
Rajan Malik: We would continue to be optimistic. But, the kind of orders that are flowing through, one needs a pickup in domestic investment. This requires investor confidence coming back into play which does not seem to be happening as of now.
The RBI policy, where everybody expects the RBI to cut rates may change things. But, it too premature to really bank on anything that.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Lot of money cannot be put in energy: Rajan Malik, Philip Capital PCGADVERTISEMENT
