Amol Rao, Analyst, Anand Rathi Institutional Equities told CNBC-TV18, "This quarter shouldn’t be too bad because order execution on the scale at which BHEL does, shouldn’t slow down tremendously at least now. However, we feel that due to the problems in order inflows over the last 12 to 18 months were absolutely was forthcoming. In fact, all the orders won were pertaining to FY10 or FY11, I think that would reflect in the numbers going forward. So, the order booking and order execution is where the key lies for BHEL."
He further added, "Going forward, we feel that BHEL would continue to dominate order wins in this space and we feel that 10,000-11,000 mega watts which are short listed as per the management should see BHEL wining a significant portion of that. While BHEL seems undervalued at current level, it is very important to see what the developments are on the ground. We have a buy recommendation on the company but that is purely on the basis of valuations that is available right now."
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