Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
71.50
Change Change %
-3.35 -4.48%

Updated:21 Sep, 2018, 15:59 PM IST

BSE
71.50
Change Change %
-3.10 -4.16%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
08-09-2016 Buy 155.25 185.00
N/A
Closed Long (1Y)
08-09-2017

Edelweiss maintains buy on Bharat Heavy Electricals

BHEL's receivables (debtors) reduced by Rs 640 crore to Rs 34,970 crore as of June 30, 2016 compared to the Mach quarter, which is a big positive in BHEL's Q1 earnings. A big cost reduction is seen in other expenses, which lowers break-even points. With free cash flow yield of 5/23 per cent for FY17/18E, even on estimates below consensus, we find the stock as amongst best value picks in the entire infra basket.

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