BHEL being one the largest electrical equipments manufacturer in India it also manufactures turbines for power companies. The stock price of BHEL suggest that there is more downside possible from current levels. So traders can go short on BHEL future below 1900 level and hold it for the target of 1750 and 1600. Also keeping the stop loss above the 2000 level. It is important to note from technical ... [Continue Reading]
BHEL Declares its Q1 Result for FY12, Net Profit Jumps by 22% at Rs.815 crore
BHEL has declared its Q1 (first quarter) result for FY12 (financial year 12), We have seen a jump of 22% in its net profit on YoY basis. In this quarter, company's net profit jumped to Rs.815 crore versus Rs.667.7 crore in the same period a year ago. Also its net sales went up by 10% to Rs.7,190 crore from Rs.6,479.7 crore on year on year basis. We have also found that depreciation cost for the ... [Continue Reading]