BHEL has target of Rs 2770: Devang Mehta

BHEL has target of Rs 2770, says Devang Mehta from Anand Rathi Financial Services.

Mehta told CNBC-TV18, "Going forward BHEL is going to get a lot of order inflows as the capex cycle starts improving. 14-15 gig watts of order is being expected and already 21 gig watts of order is in the commission phase and the next 1-2 years looks like a strong capex cycle and good order flow for them."

He further added, "We do have a fundamental price target of around Rs 2770 for BHEL but on a short term horizon I do not know whether it would do well at least one month but probably two three months down the line things would improve and BHEL and L&T would do very well."

ref:
http://www.moneycontrol.com/news/stocks-views/bhel-has-targetrs-2770-devang-mehta_531964.html