BHEL has target of Rs 2450: Sharekhan

BHEL has target of Rs 2450, says Hemang Jani, Sr Vice President, Sharekhan.

Jani told CNBC-TV18, "In case of BHEL we have a target of about Rs 2450. Currently the reasons why the stock is languishing is because on the execution front people have concerns as to how much progress company will be able to show over a period of time and of course the FPO that is being talked about could also be a dampener. But overall growth when we look at the numbers has been in excess of 30% and overall order book at Rs 168,000 crore is pretty strong in terms of visibility.