Stock To Buy, Sept 29: PL Bullish On Multibagger PSU Engineering Stock, TP Rs 132

Prabhudas Lilladher has emerged bullish on multibagger engineering sector PSU stock, Bharat Heavy Electricals Ltd and assigned buy call with target price of Rs 132. The analyst has recommended to keep the stop loss at Rs 122 apiece. Current market price of BHEL stock is Rs 129.05 per share with intraday rally of 1.77%. PSU BHEL stock offered return of 51% in last 3-months, 84% in last 6-months, and 121% in last 1-year. Check details below:

Bharat Heavy Electricals Stock Performance & Return: Current market price of BHEL Ltd Share is Rs 129.05 on BSE AT 10:40 am today. Its 52-week high price is Rs 148.95 per share and 52-week low price is Rs 57.40 per share, respectively. The company has a market capitalisation of Rs 45,075.31 crore. BHEL stock offered return of 62% YTD, gained 106% in last 2-years, and offered return of 327% in last 3-years.

BHEL Financials: The company for the quarter ended June 30, 2023 announced its consolidated loss widened to Rs 343.89 crore as against Rs 187.99 crore announced in the same quarter of last year. BHEL declared a profit of Rs 611 crore for the March quarter. The revenue for the quarter ended June 30, 2023 surged to Rs 4818.37 crore as against Rs 4449.49 crore in the corresponding quarter of last fiscal. Its sales also disappointed.

BHEL About: BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. Established in 1964, it is a leading power equipment manufacturer globally and one of the earliest and leading contributors towards building an Aatmanirbhar Bharat, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.