Agencies has buy call on Bharat Heavy Electricals with a target price of Rs 60. The current market price of Bharat Heavy Electricals Ltd. is Rs 58.
Bharat Heavy Electricals Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 19760.71 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 4532.39 Crore, up 19.49 % from last quarter Total Income of Rs 3793.13 Crore and down -22.23 % from last year same quarter Total Income of Rs 5827.74 Crore. Company reported net profit after tax of Rs -236.12 Crore in latest quarter.
Investment Rationale
Stock has given a long term bullish inverse head & shoulder breakout on the daily chart.
Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of June 30, 2020, while FIIs held 5.1 per cent, DIIs 18.1 per cent and public and other 13.6 per cent.
Bharat Heavy Electricals Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 19760.71 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 4532.39 Crore, up 19.49 % from last quarter Total Income of Rs 3793.13 Crore and down -22.23 % from last year same quarter Total Income of Rs 5827.74 Crore. Company reported net profit after tax of Rs -236.12 Crore in latest quarter.
Investment Rationale
Stock has given a long term bullish inverse head & shoulder breakout on the daily chart.
Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of June 30, 2020, while FIIs held 5.1 per cent, DIIs 18.1 per cent and public and other 13.6 per cent.
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