𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• BHEL's new thermal execution is expected to pick up from FY25 end/FY26, according to Nuvama Institutional Equities.
• Despite reporting a net loss in Q2, analysts are bullish on BHEL's stock due to a healthy pipeline of thermal orders and likely moderation in receivables.
• JM Financial Services has a BUY rating on the stock with a target price of Rs 165, while Nuvama has a 'buy' rating with a target price of Rs 150.