BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
UBS maintains sell on BHEL
UBS has maintained its 'sell' call on BHEL and has reduced target price to Rs 70 from Rs 115 per share. UBS says EBITDA break-even unlikely by FY'20 and BHEL is likely to report losses till FY'18. It adds that revenues will remain muted in FY'17 and they value BHEL at 0.5x FY'17E P/BV.