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Thursday, August 5, 2021

BHEL share price decreased by 18% profitable Q4 post; brokers continue to ‘sell’

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Shares of Barat Heavy Electricals (BHEL) fell by 18% on June 14 after the company announced its March quarterly salary.

Expected orders to sell 80,675 shares, with no buyers present.
The company’s consolidated financial losses were reduced to Rs 1,036.32 crore for the quarter of March 2021 compared to the losses of R532.18 crore last year.

Total revenue for January-March 2021 increased to Rs 7,245.16 crore, up from Rs 5,166.64 crore for the previous year.

Here are what the sellers have to say about the stock and the company after the March quarterly earnings:

CLSA | Rate: Sell | Target: Rs 40
Q4 was weak in its assassination. It has cleared its balance of Rs 1,800 offers, even though this is a precursor to a reduction in cash.

CLSA has determined the EY FY22 EPS limit by 7% to cause financial instability.

Kotak Institutional Equities | Rate: Sell | Target: Rs 34

The company reported poor results in performance, total limit and operating costs. The weak margin removes the doubt in its ability to report a high enough line to cover the planned costs.

Also read : Toshiba wants to put two immigrants in the new board, holding the EGM

Goldman Sachs | Rate: Sell | Target: Rs 23

The company delivered a disappointing quarter. The reported loss was significant at Rs 1,000 crore, and even for a one-time supply adjustment, the PAT would be at Rs 400 crore.

Goldman Sachs expects that even FY22 is not profitable and the company does not allow for high current duplication.

At 09:47 hours, Barat Heavy Electricals was quitting at Rs 63.40, down by Rs 12.80, or 16.80 per cent on BSE.
The allocation affected the 52-week high of Rs 79.50 and the 52s of the lower weeks of Rs 26.40 on June 9, 2021 and 04 June 2020, respectively.

Currently, it sells 20.25 percent below its 52-week high and 140.15 percent above its 52-week low.

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