High-speed train orders: Too little, too far for BHEL

Bullet train project may not be enough to move the needle for firm, say analysts

Ujjval Jauhari 

As the euphoria over high-speed train orders settled, the BHEL stock, too, on Friday gave up all the gains it clocked a day earlier. And there are reasons for this. If analysts are to be believed, there is not much change expected in BHEL's prospects in the near-term, and secondly, the high-speed train orders may not be enough to move the needle. The stock had gained 3.8 per cent to Rs 137.40 on Thursday, compared to Wednesday's closing price of Rs 132.55. On Friday, it fell 3.9 per cent to close at Rs 132. The street optimism had increased on Thursday, as rolling stock for ...

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First Published: Sat, September 16 2017. 02:01 IST