BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Closed|| Long (1Y)
Bank of America Merrill Lynch maintains underperform on BHEL
Bank of America Merrill Lynch has maintained underperform on BHEL for target price of Rs 95/share. It says recent rally in BHEL is not justified and sees continued operating losses with execution challenges. Likelihood of further receivables write-off is still high, adds BofAML.