20 Jan 2026 | 5 Mins Read
BHEL shares slump 4% on Q3 earnings concerns
Flipitmoney
Bharat Heavy Electricals Ltd's shares fell 4% to Rs 252.45, missing estimates for third-quarter results. The power equipment maker reported 16% YoY revenue rise and over doubled net profit to Rs 390 crore. Brokerages like JM Financial and Nuvama maintained a "Buy" rating but reduced price targets due to lower margins and missed profits estimates by 26%.