The share price of Bharat Heavy Electricals (Bhel) fell 18 percent intraday on June 14 after the company announced the March quarter income.
Some are delayed selling orders 80,675 shares, without buyers available.
The clean loss of the consolidation of the company narrowed to Rs 1,036.32 Crore in the March 2021 quarter of the net loss of Rs 1,532.18 Crore in the period last year.
Total income during January-March 2021 rose to Rs 7,245.16 Crore, from Rs 5,166.64 Crore in the period last year.
This is what broker said about stock and company after March quarter income:
CLSA | Rating: Sell | Target: Rs 40
Q4 is weak with execution. It cleans the balance sheet with Rs 1,800 Crore in the provisions, whether this is a precursor for the divestment must still be seen.
CLSA Cut FY22 EPS estimates that 7% is a factor in a weak financial discussion.
Institutional Equity Box | Rating: Sell | Target: RS 34
The company reports weak results on implementation, dirty margins & working capital. The weak gross margin throws doubts on its ability to report a high topline to cover fixed costs.
Goldman Sachs | Rating: Sell | Target: RS 23
The company delivered a disappointing quarter. Losses reported significantly at RS 1,000 Crore, even adjust for the provisions once, PAT will be at Rs 400 Crore.
Goldman Sachs hopes that FY22 does not even produce profits and companies do not guarantee high double today.
At 9:47 a.m., Bharat Heavy Electricing quoted at Rs 63.40, down Rs 12.80, or 16.80 percent on BSE.
This section touched the highest 52 weeks Rs 79.50 and 52 weeks low of RS 26.40 on June 9, 2021 and June 4, 2020, respectively.
