InvestorQ : Hi Diksha, can I book out of BHEL as I am in profits? Also, do you suggest any fresh stocks to buy at this juncture?
shrinidhi Rajan made post

Hi Diksha, can I book out of BHEL as I am in profits? Also, do you suggest any fresh stocks to buy at this juncture?

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diksha shah answered.
3 weeks ago
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While it is true that BHEL is higher than our purchase price, I think you should wait for the PSU rally to really build up. It surely has legs at this point so it can traverse a longer journey. Here is my quick view.

· BHEL at Rs.69 (CMP – 72.80) – Suggest to Hold

However, I am suggesting to add two more PSUs to your shopping basket. You can look to buy Union Bank of India at Rs.53 for upside targets of Rs.65. Considering major defence orders to be farmed out, you can also look to buy Bharat Electronics or BEL at Rs.212 for upside targets of Rs.245. PSU stocks look like the big pent up story for now.

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