Global brokerage HSBC upgraded stock to buy.
Revenue from operations during the quarter increased 0.8 percent to Rs 10,297 crore compared to year-ago period, BHEL said
"Gross margin is expected to be weak; recently secured orders’ restrictive cash flows could impact working capital," Nomura said.
The project is covered under Department of Heavy Industry's FAME scheme (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles in India).
The order by West Bengal Power Development Corporation (WBPDCL) entails setting up a 660 MW Sagardighi Thermal Power Project at Manigram village in Murshidabad district of West Bengal.
BHEL's industry segment registered a strong 31.7 percent on year increase at Rs 1,453.75 crore with EBIT showing a 3,810 percent YoY increase at Rs 69.6 crore.
Profit for the quarter stood at Rs 155.58 crore, which increased from Rs 80.82 crore in corresponding period last fiscal.
As part of the order, GE Power will supply pressure parts equipment for the Patratu project at an order value of USD 52 million and to Udangudi thermal power projects at a value of USD 20.4 million, for onshore supply.
Edelweiss is bullish on Bharat Heavy Electricals has recommended buy rating on the stock with a target price of Rs 110 in its research report dated May 29, 2018.
Power business increased marginally by 2.5 percent year-on-year to Rs 8,308 crore but its EBIT (earnings before interest and tax) dropped 19.5 percent to Rs 909.4 crore in Q4FY18.
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
Net Sales are expected to increase by 7 percent Y-o-Y (up 56.4 percent Q-o-Q) to Rs. 10,364.3 crore, according to Edelweiss.
Edelweiss is bullish on Bharat Heavy Electricals has recommended buy rating on the stock with a target price of Rs 110 in its research report dated December 06 2017.
is of the view that one can sell BHEL and can buy Canara Bank and Reliance Capital while he feels that Divis Labs can to rally to Rs 1000.
Axis Direct is bullish on Bharat Heavy Electricals has recommended buy rating on the stock with a target price of Rs 200 in its research report dated August 17, 2017.
Overall numbers missed expectations. Profit was expected at Rs 60 crore and operating income at Rs 110 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18.
Prakash Gaba of prakashgaba.com is of the view that Bharat Heavy Electricals can climb to Rs 150 and Dewan Housing Finance may hit Rs 482.
Prakash Gaba of prakashgaba.com is of the view that slide to 9720 is a possibility where Nifty will find support while the Index has resistance at 9900. Bank Nifty on the other hand has support at 23900 and resistance at 24300.
Ashwani Gujral of ashwanigujral.com recommends buying Bank of India, Karnataka Bank and Bharat Heavy Electricals.
Sudarshan Sukhani of s2analytics.com suggests buying Cadila Healthcare, JSW Steel, Kajaria Ceramics and Hindustan Unilever and advises selling Bharat Heavy Electricals.
Ashwani Gujral of ashwanigujral.com suggests buying Bharat Heavy Electricals, UPL and Tata Motors.