Bharat Heavy Electricals500103Heavy electrical equipment
Analysts called BHEL's Q2 results blockbuster and gave a buy call with a technical target of 550-560 levels
By ScoutQuest · · 1 min read
- Technical target
- 550-560 levels
- Stop loss level
- 430
- Old consolidation level
- 300 levels
Heard on business television between 15:43:59 - 15:46:59 IST.
- Mayuresh Joshi of Market Smith India said BHEL's power segment performed exceedingly well on EBITDA, EBIT and margins, and expects substantial rerating if execution continues
- He flagged elongated working capital cycle and high debtor/inventory days as concerns but expects improvement as non-power order book (25% share, better margins) grows and receivables improve
- He also praised Elcon Engineering's numbers with an order book of over 2.5 lakh crore rupees, 17% YoY growth, and H1 order inflows of nearly 30,000 crore
- Srikanth Chauhan of Kotak Securities said BHEL broke a 20-year consolidation near 300 levels and is in a strong uptrend forming rising tops and bottoms
- He recommended buying with a target of 550-560 levels over the next few weeks to months, with a stop loss below 430
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Source: Live TV News Channel · 14 Oct 2026
The call above is Srikanth Chauhan, Kotak Securities's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.