BHEL Share Outlook: Bharat Heavy Electricals Limited’s results were weak in the March quarter, due to which its stock fell by 12 percent today. The brokerage firm has described its outlook as very weak.
Today this stock fell by 11.55 percent.
BHEL Share Outlook: Bharat Heavy Electronics Limited has made a net loss of Rs 1036 crore in this quarter. In March 2020, the company had a loss of Rs 1532 crore. After the results of the March quarter, there has been a huge decline in BHEL’s share price today. Its stock closed at Rs 67.40 with a fall of 11.55 percent.
During trading, it had reached a low of Rs 62.35. If you have also invested in this government company (BHEL share future price), then it is important for you to know what market experts are giving their reaction (BHEL share brokerage outlook) regarding this stock. Most market experts say that the company’s stock will fall further. Edelweiss has estimated the share of BHEL to fall by Rs 29.
Share price may fall up to Rs 34
Kotak Institutional Equity has estimated its BHEL share price to fall by Rs 34. According to CLSA, this stock can fall up to Rs 40 and according to Motilal Oswal, this stock can fall to the level of Rs 48. According to market experts, the company may face huge losses in the financial year 2021-22. In such a situation, if the government wants to disinvest in it, then it will not be easy.
The company has a loss of 2700 crores in the financial year 2021
Looking at the result, the company’s total income increased to Rs 7,245.16 crore in the fourth quarter of 2020-21, from Rs 5,166.64 crore in the same quarter a year ago. However, for the full financial year 2020-21, the company’s consolidated net loss increased to Rs 2,699.70 crore. Earlier in the financial year 2019-20 it was Rs 1,468.35 crore. During the financial year 2020-21, the company’s total income decreased from Rs 22,027.44 crore in the year 2019-20 to Rs 17,657.11 crore.
BHEL Share performance
The stock of BHEL has performed well in the last few months. Today’s closing price is Rs 67.40. The 52-week high is Rs 79.55 and the low is Rs 26.75. The market cap of the company today is Rs 23469 crore. The stock has given returns of 26 per cent in the last three months, 88 per cent so far this year and 114 per cent in the last one year.
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