Analysts give weak outlook for BHEL after Q4 earnings
Mumbai: Most analysts predict a weak outlook for Bharat Heavy Electricals going ahead which reported a consolidated loss of Rs 1,532.2 crore for the quarter ended March.
Nomura has a reduce rating on BHELNSE 0.86 % with an unchanged target price of Rs 26. Morgan Stanley has maintained an underweight rating with a target price of Rs 18. IDFC Securities has maintained neutral rating on the stock with a target price of Rs 30. Jefferies has maintained underperform raing and revised target price to Rs 20 from Rs 18. Phillip Capital has maintained neutral and cut target price to Rs 31 from Rs 35. CLSA has maintained buy rating with target price of Rs 38.
