MARKET EYE-India's BHEL gains; CLSA adds stock to Asia portfolio

Tue Dec 18, 2012 1:08pm IST

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* Shares in India's Bharat Heavy Electricals Ltd gain
3.3 percent after CLSA adds the stock to its Asia ex-Japan long
only portfolio with a 3 percent weighting.
* The addition is noted in CLSA's strategist Christopher Woods'
Greed & Fear report dated on Monday. 
* Dealers say BHEL seems like a contrarian bet by CLSA: As per
I/B/E/S estimates BHEL has 18 'underperform' and 13 'sell'
ratings versus 3 'buy' and 1 'outperform' rating.

 (abhishek.vishnoi@thomsonreuters.co
/abhishek.vishnoi.reuters.com@reuters.net)
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