Monday, September 26, 2016

Today's Call
Buy BHEL at Rs.146, T: Rs.150, SL: Rs.144. The management of  BHEL has given a very good outlook for the company.

Addressing shareholders at the 52nd annual general meeting of the company,Bharat Heavy Electricals' (Bhel) chairman & managing director, Atul Sobti, said that enhanced focus on project execution has resulted in Bhel creating history by way of commissioning/synchronizing an all-time high 15,059 megawatts (MW) of power generating equipment during the year. Despite intense competitive pressure in the power and capital goods markets during the year, Bhel achieved the highest order booking in the last five years, at Rs 43727 crore, a 42% leap over 2014-2015. The company ended the year with a total order book of Rs 110730 crore for execution in 2016-2017 and beyond.

Bharat Heavy Electricals (Bhel)'s net profit jumped 54.2% to Rs 77.77 crore on 29% growth in net sales to Rs 5522.76 crore in Q1 June 2016 over Q1 June 2015.

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