Rohit Natarajan, Analyst, Institutional Equities, at IDBI Capital Markets Services, said: BHEL might have started work on slow moving orders from projects like Ennore that the company identified earlier. This could have led to the surprise, he said, adding that it is too early to cheer as management commentary is needed to get further clarity.
first published: Sep 7, 2016 03:07 pm
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