Sunday, August 28, 2011

BHEL - Portfolio Buy

Latest Quotes | News/Announcements | Quarterly Results | P&L |Price History

The company's stock trades at a P/E of less than 14, the lowest since March 2005. The current price makes the stock an attractive buy, given its strong balance sheet and sound financials. It has been logging a double-digit revenue growth, consistently since the past five years. However, order inflows and growing competition from Chinese manufacturers are some near-term concerns.



The scrip gave negative returns in the past year

Time Span Price Change %Change
Today 1,736.50 -15.10 -0.86
Week 1,683.25 68.35 4.06
Month 1,824.90 -73.30 -4.01
Three Months 1,936.00 -184.40 -9.52
Six Months 1,975.00 -223.40 -11.31
One Year 2,478.50 -726.90 -29.32


The scrip has under performed during the last 1 year and is likely to be subdued going forward. Long term portfolio investors can buy around Rs.1500 levels for a target price of Rs.2,500 holding period of 12-15 months.


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