Are BHEL investors overlooking concerns?
1 year, 1 month ago

Are BHEL investors overlooking concerns?

Live Mint  

MUMBAI : The Bharat Heavy Electricals Ltd stock has zoomed 77% so far in 2023. But in the case of BHEL, a robust order inflow outlook mainly for its thermal power segment, is fuelling optimism among investors. As of September end, BHEL’s working capital ballooned to ₹4,382 crore from ₹1,210 crore at March end. 3x800MW NTPC Patratu have back-ended payment terms which have been a source of working capital stress for the company," said JM Financial Institutional Securities Ltd. What’s more, the company’s ongoing efforts to diversify into non-thermal power segments of railways, pumped-hydro storage plants, and defence, are expected to keep BHEL’s order book in good stead.

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