BHEL - Good bet on correction: CK Narayan

CK Narayan of Growth Avenues is of the view that Bharat Heavy Electricals is a good bet at lower levels.

CK Narayan of Growth Avenues told CNBC-TV18, " Bharat Heavy Electricals (BHEL) will continue to remain volatile. There aren't too many believers in the BHEL story yet. We do keep hearing various things but the very fact that it continues to kind of display this much of volatility, which indicates that there aren't too many convinced players."

"At lower levels, it may be a decent bet but it most certainly does not figure among my list of favourites. I would trade that stock, but I would not really look into it as a long term investment play, not at the current juncture, not with the evidence that it has exhibited so far," he added. 

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