{"id":399552,"date":"2021-02-08T12:09:58","date_gmt":"2021-02-08T06:39:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399552"},"modified":"2021-02-08T12:20:41","modified_gmt":"2021-02-08T06:50:41","slug":"bhel-plummets-8-on-q3-loss-analysts-see-up-to-43-downside","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bhel-plummets-8-on-q3-loss-analysts-see-up-to-43-downside\/","title":{"rendered":"BHEL plummets 8% on Q3 loss; analysts see up to 43% downside"},"content":{"rendered":"<p>NEW DELHI: Shares of BHEL plunged over 8 per cent in Monday&#8217;s trade after the state-run engineering firm reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues.<\/p>\n<p>The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended on December 31, 2019, a BSE filing stated. The scrip also fell on a media report suggesting that the government may consider BHEL among candidates for the next round of divestment sales.<\/p>\n<p>The stock fell 8.49 per cent to hit a low of Rs 39.85 over Friday&#8217;s close of Rs 43.55. Nomura India has a target of Rs 25 on the stock, suggesting a potential 43 per cent downside over Friday&#8217;s close. The foreign brokerage noted that BHEL continued to see operational cash inflows but at a reduced pace. It said that the orders remained weak and noted that recent orders appear to have been on a lower gross margins, as gross margin for the quarter at 30 per cent was significantly lower than historic levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Shares of BHEL plunged over 8 per cent in Monday&#8217;s trade after the state-run engineering firm reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues. The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended on December 31, 2019, a BSE filing stated. The scrip also fell on a media report suggesting that the government may consider BHEL among candidates for the next round of divestment sales. The stock fell 8.49 per cent to hit a low of Rs 39.85 over Friday&#8217;s close of Rs [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-399552","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399552"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399552\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}