In an interview with CNBC-TV18, market veteran SP Tulsian and Rabindra Nath Nayak of Dolat Capital Group Company gave their take on the Havells-Lloyd deal.
In an interview to CNBC-TV18, Rabindra Nath Nayak, Senior Research Analyst (Power and Capital Goods) at Dolat Capital Group spoke about Rs 4,350 crore order that ABB received from Power Grid for a power transmission link.
Not at all worried about the demonetisation impact and believes the industry has the potential to grow by 15% in the calendar-year 2017, said B Thiagarajan, Joint MD, Blue Star.
Management's topline guidance for FY17 of Rs 31,000 crore is achievable going by the earnings, says Rabindra Nath Nayak, Sr. Research Analyst (Power and Capital Goods), Dolat Capital Group Company.
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.
Rabindra Nath Nayak, lead research analyst, power and capital goods, SBICap Securities believes BHEL numbers will continue to be disappointing even in the next quarter. According to him, things will start looking up for the company from the second half of FY16.
Rabindra Nath Nayak SBICAP Sec thinks it could mainly be profit booking in Jaiprakash Power Ventures ltd that led the stock price to fall in trade on Monday after it agreed to sell two hydroelectric power plants to TAQA, a consortium led by Abu Dhabi National Energy Co.
Margin is not up to the mark and we were expecting Rs 890 crore of profit after tax, Rabindra Nath Nayak, SBI Cap Securities said.
Outstanding orderbook position for BHEL stood at Rs 1.02 lakh crore as on September 2013, down 17 percent year-on-year and 6 percent sequentially. On profit front.