Baliga told CNBC-TV18, “BHEL is one company which I don’t think one should look at it from quarter to quarter. One has to look at the possibly the next 1.5-2 years and we have been quite positive on BHEL and this correction which we have seen in the past 1-1.5 months clearly we are utilizing it to buy at these lower levels.”
He further added, “We have also been telling our clients all through that this may not be a market where one can invest and just hold on for the returns. One really needs to utilize all these opportunities to trade and the market has given enough opportunity in the last 1-1.5 years. We have seen those decent bounce backs where one could have booked out to a certain extent not completely and that’s exactly what we did when the markets had bounced back in the recent past 5400-5500. We were telling people to get into cash and we were sitting on cash and this is a time one should be investing. Again when you see levels of 4750-4800 after seeing these levels of 5000-5050 we could see again a correction. One should again start investing at that point of time.”
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