BHEL

For any serious long term investor in the Indian Markets,the Public Sector Undertaking BHEL (BHARAT HEAVY ELECTRICALS LTD) is a must-have in the Portfolio. This Capital Goods bell-weather stock of the Indian Markets is currently trading at a Trailing Twelve Months (TTM) Price -to-Earnings (P/E) multiple of about 16 ; Current Market Price being Rs 1984. With a 52 week high of Rs 2695 and a 52 week low of Rs 1872 on the BSE, it is true that the scrip has seen a substantial correction in the past nine months; partly due to the overall negative sentiment for the Capital Goods space and in greater part due to the overhang of the upcoming FPO as announced by the Government. However the scrip has seen consistent Instititional buying interest at levels of around Rs 1900 and has made a recovery of sorts in the past three odd weeks.

For those interested in Technicals, the 200 DMA is at 2166 and the 50 DMA at 1967 currently.

With a robust Order Book and dominant position in the Indian Power/Capital Goods space BHEL presents a good Investment buying opportunity at levels of Rs 1900 or thereabouts for the long term investor.