Buy Bhel: Kotak Securities's Target Price Rs 273

Kotak Securities has recommended buying shares of Bharat Heavy Electricals Limited (BHEL) on April 26th, 2023. The current market price of BHEL is Rs 268.2, and Kotak has set a target price of Rs 273 for the stock. This represents an upside potential of around 1.8% from the current market price. The recommendation is based on the company's strong order book, recent project wins, and improving financial performance.

About Bhel:

Bharat Heavy Electricals Limited (BHEL) is a state-owned engineering and manufacturing company headquartered in New Delhi, India. It is one of the largest power generation equipment manufacturers in the world, with a wide range of products including boilers, turbines, generators, and transformers. BHEL also offers services such as engineering, procurement, construction (EPC), and operation and maintenance (O&M). The company has a presence in over 70 countries and employs over 50,000 people.

52 Week Price Trend:

Bharat Heavy Electricals Limited (BHEL) has shown a significant improvement in its stock performance, reflected in its current market price of Rs 268.2. This represents a substantial gain from its 52-week low of Rs 67.25. However, the stock still remains below its 52-week high of Rs 243.3. BHEL's recent performance is attributed to factors such as improved order inflow, cost optimization efforts, and government support for domestic manufacturing. The company is expected to continue benefiting from these factors, providing potential for further growth in the future.

Stratzy's MOST Analysis:

BHEL has been assigned a BB rating by Stratzy's MOST framework, which evaluates companies based on Management, Outlook, Safety, and Trend (MOST). This rating indicates that BHEL has medium fundamental risks. The framework assesses each pillar and combines the scores to determine an overall rating. A BB rating suggests that BHEL demonstrates some strengths in management, outlook, safety, and trend, but there may be areas where improvement is needed to mitigate potential risks.

Fundamental and Technical information provided in this blog were last updated on 26 Apr, 2024

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