CLSA Issues Under-Perform Rating on BHEL with ₹195 Target Price
CLSA has assigned an Under-Perform rating to Bharat Heavy Electricals Limited (BHEL) with a target price of ₹195 per share. The rating reflects the brokerage's cautious assessment of the power equipment manufacturer's stock performance prospects. BHEL operates as a leading manufacturer in India's power equipment sector, serving thermal, hydro, nuclear, and renewable energy segments.
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Bharat Heavy Electricals Limited (BHEL) has received an Under-Perform rating from global brokerage firm CLSA, accompanied by a target price of ₹195 per share. This rating indicates the brokerage's cautious outlook on the power equipment manufacturer's stock performance.
Brokerage Assessment
CLSA's Under-Perform rating typically suggests that the brokerage expects the stock to underperform relative to the broader market or sector benchmarks. The target price of ₹195 per share provides investors with CLSA's valuation assessment for BHEL's equity.
| Rating Details: | Specification |
|---|---|
| Brokerage: | CLSA |
| Rating: | Under-Perform |
| Target Price: | ₹195 per share |
Company Profile
BHEL operates as one of India's leading power equipment manufacturers, specializing in the design, engineering, manufacturing, construction, testing, and commissioning of power plant equipment and systems. The company serves various segments including thermal, hydro, nuclear, and renewable energy sectors.
Market Implications
The Under-Perform rating from CLSA reflects the brokerage's analysis of BHEL's current market position and operational performance. Such ratings are typically based on fundamental analysis including financial metrics, industry dynamics, and competitive positioning within the power equipment sector.
Historical Stock Returns for Bharat Heavy Electricals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.92% | -6.63% | -9.28% | -0.14% | +15.32% | +529.31% |
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