30 Oct 2025 | 3 Mins Read
BHEL shares approach 52-week high despite CLSA's growth quality concerns
Flipitmoney
Bharat Heavy Electricals Ltd. (BHEL) shares gained over 5% after its second quarter earnings, beating expectations on most parameters. The company's topline increased 14% year-over-year, but CLSA has an "underperform" rating with a ₹198 price target, implying a 19.3% potential downside. Morgan Stanley is "overweight" with a ₹258 price target.