Pending — not yet graded
“Maintained a 'reduce' rating on BHEL due to the recent significant rally in the stock price. Raised the target price to ₹368 from ₹321, valuing the stock at 25 times March 2028 earnings, factoring in improved execution and normalization in provisions. Revised FY27E and FY28E EPS estimates up by 5.4% and 5.8% respectively.”
BHELBearishCalled 17 Jul 2026
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