20 Jan 2026 | 5 Mins Read
BHEL bear sees 73% potential downside despite Q3 results
Flipitmoney
Investec maintains a "sell" rating on BHEL with a price target of ₹70, seeing a 74% potential downside from its previous closing price of ₹263. This is due to the possibility of slow execution due to an impaired supply chain. Another bear, Kotak, also cut BHEL's EPS estimates and sees a 55% potential downside. Nuvama predicts a turnaround year in FY 2027 with an upside of 34% from current levels.