BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Goldman Sachs maintains sell on Bharat Heavy Electricals
Goldman Sachs has maintained its "sell" rating on BHEL with a target of Rs 110. Revenue uncertainty remains with BHEL. We see limited near-term execution from BHEL. We have cut FY17-19 EPS estimates by 6-13 per cent. The stock is trading at 1 times its FY18 estimated book value.