BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
UBS maintains sell on BHEL
UBS has maintained its sell call on BHEL for target price of Rs 70/share. It says delayed clearances to hit execution and execution prospects remain challenging. UBS adds that the regulatory scrutiny of coal-based projects will increase and losses will continue in Q1FY17. Order inflows will remain muted and BHEL has not won any large orders during 1QFY17.