NEW DELHI: Shares of BHEL tumbled 18 per cent in Monday’s trade, and analyst recommendations post its March quarter results suggest it could just be the beginning of a sharper drop in the stock.
Edelweiss NSE 0.48 % has a price target of Rs 29 on the stock. Kotak Institutional Equities finds it worthy of Rs 34. CLSA and Motilal Oswal Securities pegged the stock value at Rs 40 each. Nirmal Bang has a target of Rs 48.
