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Houseviews: 8 stocks on brokerages' buy/sell list
Thu, Mar 01, 2012 at 10:03
Goldman Sachs has reiterated its “Conviction Sell” on BHEL with a target of Rs 205. In the NTPC bulk tender yesterday, Goldman says, the lowest bidder quoted an over 11% discount to similar bulk boiler tenders in September 2011. "This shows that increasing competition in the power equipment segment is resulting in lower pricing and margin compression. The EBITDA margin for the industry is likely to remain under pressure."