The BHEL stock has been labelled as the 'hot cake' by a major securities firm - Motilal Oswal. Its detailed report said: 'BHEL reported muted sales growth in 1QFY12. Revenue grew 10% YoY to INR71b, lower than our estimate of INR82b. However, net profit grew in line with expectations, led by margin expansion and higher other income. EBITDA margin was up 10bp YoY at 15.3% (higher than our estimate of 14.6%). Net profit was INR8.2b (up 15% YoY, adjusted), in line with our estimate of INR8.1b.' It countinues to speak about the figures which BHEL management put forth. Motilal Oswal has recommended buy rating on the stock with a target of Rs 2465... Read More>>>
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