BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Credit Suisse maintains underperform on BHEL
Credit Suisse has maintained 'underperform' on BHEL for target of Rs 100/share. It says BHEL does not have much to offer and has cut its FY17-18 EPS by 3% and 10%. It expects returns to remain in single digit and low gross margins to lead to lower results. It adds slow projects and working capital add to the woes.