Buy Bharat Electronics with an intraday target at Rs 1,231: Hemen Kapadia

Hemen Kapadia, Senior VP- Institutional Equity, KR Choksey Securities is of view that Bharat Electronics is one stock that can touch a high of Rs Rs 1,231 during the day. Traders should place a strict stop loss at Rs 1,207, he said. The stock has been rangebound and has returned mere 1.5 per cent in the past one month. But the stock has breached all the major moving averages (20, 50, 100 and 200 days). The analysts see this strength to continue.