Analysts stay split on BHEL after strong Q2 performance
In short
BHEL reported a strong second quarter and analysts said the company beat expectations by a wide margin. They also said margins were the highest in 13 years.
Some analysts raised their targets, but they are still split between bullish and bearish views. The exact results and target prices were not stated.
What the reporting says
Analysts remained divided on BHEL after the company beat expectations in the second quarter and posted year-on-year gains, with margins said to be the highest in 13 years. The source says targets were raised, but it does not give the amount of the beat, the exact numbers, or which analysts changed views. The immediate consequence is a mixed market call on the stock.
Why it matters
BHEL's second-quarter performance came in well above analyst expectations, with margins described as the highest in 13 years. That has led to higher targets from some analysts, while others remain cautious. The source does not provide the full earnings figures, the size of the target changes, or what management said about the outlook.