Thunuguntla told CNBC-TV18, "BHEL business prospects have been challenging because no new orders are coming up. It has been a while seeing any major orders coming. So in that sense the order book growth has been sluggish. If the interest rate cut also doesn't happen, overall Nifty can go back into the bearish patch meaning thereby the BHEL again can come under some pressure."
He further added, "I am not expecting Rs 316 but if there is any bonds towards Rs 280-290, one can sell. But if one is a fairly one year, two years kind of long-term investor, one can stay invested."
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