BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Bharat Heavy Electricals
BHEL's Q4 operating results were below our and consensus estimates. The addressable market remains challenging for the company. We see no respite for BHEL in the near-to medium term given the challenging fundamentals in the domestic power generation market.