BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Macquarie maintains underperform on BHEL
BHEL unlikely to witness earnings growth in FY14. Strong pickup in order inflow in second half of the fiscal year is factored in. Sector issues unlikely to be resolved anytime soon. Large downside risk to earnings still exists. Target Rs 124.