Wednesday, March 23, 2016

Shares of BHEL reformed 4.3% after CLSA predicts growth

Shares of India's largest power equipment maker Bharat Heavy Electricals (BHEL) reassembled 4.3% on yesterday after statements - "the state-run organization may report 40% growth in order inflows for the year ending March 2016 (FY16), while giving an 'outperform' rating on the stock".

The brokerage told power equipment orders are at 5-year highs, and BHEL BSE 0.21 % has swept order bids with 76% market share in boilers, & 89% in turbine tenders.Click for Stock option tips

Shares of BHEL ended near Rs 116.75, up Rs 4.80, or 4.29%, on yesterday.

The organization had posted a loss of Rs 1,102 crs in Oct-Dec quarter, against profit of Rs 212 crs a year ago. Revenues went down 14% to Rs 5,325 crs during the quarter, in accordance with the filing with the BSE.

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