BHEL falls 5% as JM Financial sees ₹80,000 crore inflows
In short
BHEL shares fell 5% even though its Q2 earnings beat estimates.
JM Financial said the company could get ₹80,000 crore of new orders by FY29. It also pointed to a ₹2.6 lakh crore order book and possible work from thermal, nuclear and coal gasification projects.
What the reporting says
BHEL shares fell 5% despite a Q2 earnings beat, while JM Financial projected ₹80,000 crore in order inflows by FY29. The brokerage said fresh orders may come from thermal, nuclear and coal gasification projects, alongside a ₹2.6 lakh crore existing order book. The immediate consequence is a weaker share price despite a positive outlook, but the underlying earnings and target details are not fully stated.
Why it matters
The reporting says BHEL’s shares dropped 5% despite a Q2 earnings beat, while JM Financial sees ₹80,000 crore of fresh order inflows by FY29. The brokerage also cited a ₹2.6 lakh crore order book and potential projects in thermal, nuclear and coal gasification. The source does not provide the exact earnings figures or the revised valuation, so the market reaction is not fully explained.