BHEL shares drop 4.3% after strong Q2FY27 results
In short
BHEL shares fell 4.3% after a strong Q2FY27 update.
Nuvama and JM Financial still kept Buy calls and raised target prices. They pointed to better margins, smoother execution, a healthy order book and good thermal power prospects.
What the reporting says
BHEL shares fell 4.3% after rallying on strong Q2FY27 results, while Nuvama and JM Financial retained Buy ratings and raised target prices. The brokerages cited margin expansion, improved execution, a healthy order book and favourable thermal power prospects. The immediate consequence is a weaker share price despite upbeat broker views, with the exact earnings figures not stated in the available reporting.
Why it matters
BHEL’s shares fell 4.3% even after the company’s strong Q2FY27 results, according to the summaries. Nuvama and JM Financial kept Buy ratings and lifted target prices, citing margin expansion, improved execution, a healthy order book and favourable thermal power prospects. The reporting does not state the profit number or the revised targets, so the reason for the intraday drop remains partly unclear.