BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Macquarie maintains underperform on BHEL
BHEL is a value trap. No prospects of earnings turnaround in medium term. State electricity board reforms have been marred by populism. Target Rs 124.