Sensex Today | Stock Market Highlights: Sensex, Nifty end 3-day losing run; Nifty holds above 23,400

Shahina Mukadam, Independent Market Expert: “BHEL, yes, I would suggest that the investor can partly book some of his profits, but hold the rest for the long term, because the stock has valued a lot, and we’ve seen this after a very strong set of numbers they reported for the fourth quarter. I would suggest that because in the medium term, valuations are likely to remain a bit on the higher side, expensive. Partly book, hold the rest for the long term.”

Somil Mehta, Head Retail Research, Mirae Asset Sharekhan: “If you’re a long-term investor, stay invested in the stock. Great stock to be in. It has been in a long-term uptrend. We’ve seen one, one and a half year of sideways correction. However, it has taken support around very crucial levels, and again, took off for a very good run up on the upside. Now it has gone into a next phase of the entire cycle. And I would be expecting this stock to go above ₹480-500 levels. So, my targets are way above ₹500. So, hold on to the stock. In the very short term, yes, if you are a short-term trader, you can book some profits around ₹405-420 levels between those levels. But if you are an investor, stay invested.”