Stock To Buy, Sept 22: PL Recommends Multibagger PSU Stock, Target Price Rs 134

Renowned brokerage firm Prabhudas Lilladher has recommended investors to buy mid cap engineering sector stock, Bharat Heavy Electricals Ltd with target price of Rs 134 per share. The analyst has urged investors to keep the stop loss at Rs 122 apiece. Current market price of Bharat Heavy Electricals share price is Rs 124.65 per share on BSE with intraday gain of 0.32%. BHEL shares soared 110% in last 12 months. Check details below:

Bharat Heavy Electricals Stock Outlook & Return: Current market price of Bharat Heavy Electricals share is Rs 124.65 apiece. Its 52-week high price is Rs 148.95 per share and 52-week low price is Rs 54.75 per share, respectively. The company has a market capitalisation of Rs 43,508.38 crore. Bharat Heavy Electricals shares gained 13% in last 1-month, soared 68% in last 6-months, rose 110% in last 1-year, and offered shareholders return of 119% in last 2-years. BHEL stock surged 283% in last 3-years and jumped 74% in last 5-years.

Bharat Heavy Electricals Financials: The mid cap engineering company for the quarter ended June 30, 2023 announced widening of consolidated loss at Rs 343.89 crore as against Rs 187.99 crore for the corresponding quarter last year. Earlier, BHEL recorded a profit of Rs 611 crore in the March quarter. Meanwhile, revenue for the June quarter surged to Rs 4818.37 crore as against Rs 4449.49 crore in the corresponding quarter last year.

Bharat Heavy Electricals About: BHEL is one of the largest engineering and manufacturing companies of its kind in India engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services with over 180 product offerings to meet the ever-growing needs of the core sectors of economy, according to its official website. The government of India has granted the Maharatna status to BHEL.

Disclaimer: The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.