Bharat Heavy Electricals (BHEL) today said it has recorded nearly 14 percent growth in its intellectual capital in FY17.
JP Morgan cut its earnings estimates for FY18 / FY19 to 6 percent / 10 percent for BHEL.
Ashwani Gujral of ashwanigujral.com suggests buying Syndicate Bank, BHEL and Yes Bank.
According to Prakash Gaba of prakashgaba.com, one can buy BHEL and Indiabulls Housing Finance.
"Significantly, not only is this four times the dividend paid (20 per cent) in the previous year but also the highest to be paid by the company in the last three years," BHEL said in a statement today.
Edelweiss is bullish on BHEL has recommended buy rating on the stock with a target price of Rs 180 in its research report dated May 29, 2017.
ICICI Direct recommended hold rating on Bhel with a target price of Rs 143 in its research report dated May 31, 2017.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Godrej Industries, Grasim Industries and Tata Chemicals and can sell Hexaware Technologies and BHEL.
Profit during January-March quarter dropped 57.3 percent to Rs 216 crore and revenue declined 2.4 percent to Rs 10,157.6 crore compared with same quarter last year.
The company had posted a standalone net profit of Rs 505.71 crore in the corresponding quarter of previous fiscal, BHEL stated in a BSE filing today.
Power revenues are expected to increase by 20 percent YoY while industrial revenues are likely to decline by 21 percent YoY.
The newly commissioned unit is part of RattanIndia Nasik Power Ltd's 5x270 MW thermal power project.
With the commissioning of the third unit, Bhel has successfully executed the 1,980 MW coal-based supercritical thermal power project in Uttar Pradesh, the company said in a regulatory filing.
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"Valued at Rs 233 crore, the order has been placed on BHEL for setting up the package at RFCL’s fertilizer plant at Ramagundam in Telangana," BHEL said in a press statement.
Support for Nifty at 9270-9230 and resistance is at 9375-9414 while Bank Nifty has support at 22400 and resistance at 23000, says Prakash Gaba of prakashgaba.com.
Gaurav Bissa, Derivatives Analyst at LKP Securities recommends buying Arvind and BHEL and advises selling Coal India.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- BHEL, M&M, Rallis, Biocon, Indiabulls Housing Finance, Marksans Pharma, MCX, Alembic Pharma, Delta Corp, and Pincon Spirits.
"Bharat Heavy Electricals Ltd (BHEL)'s largest ever export order, valued at Rs 10,000 crore, for setting up 1,320 MW (2x660 MW) Maitree Super Thermal Power Project in Bangladesh has taken off, following the issuance of the 'Notice To Proceed' by the developer," the company said in a BSE filing.
Ashwani Gujral of ashwanigujral.com recommends buying DLF, Reliance Infrastructure and Reliance Capital.
Rajat Bose of rajatkbose.com suggests buying IL&FS Engineering and BHEL.
Sudarshan Sukhani of s2analytics.com recommends buying HDFC Bank, Larsen & Toubro and BHEL.
Net Sales are expected to increase by 104.7 percent Q-o-Q (up 29.4 percent Y-o-Y) to Rs 12946.1 crore, according to Motilal Oswal. BHEL to report net profit at 1075.6 crore up 1049.8% quarter-on-quarter.
"Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned two units of 270 MW at RattanIndia Nasik Power Ltd's 5x270 MW thermal power project, located at Sinnar in Nasik District of Maharashtra," the company said in a BSE filing.
"BHEL has commenced the commercial operation of its second 800 MW supercritical unit at 2x800 MW Yeramarus Thermal Power Station (TPS) of Raichur Power Corporation Limited (RPCL) in Raichur district of Karnataka," BHEL said in a statement.