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BHEL m-cap below Siemens India
Posted on 24th November 2015
India’s biggest capital goods company, Bharat Heavy Electrical (BHEL), has lost so much value that it now commands a market capitalisation smaller than that of Siemens India, reports fe Bureau in Mumbai. At Rs 42,894 crore, BHEL is now less valuable than Siemens, which commands a market cap of Rs 44,098.4 crore. At the start of 2015, the PSU was valued twice as much as the Indian subsidiary of the German multinational. But an 80% fall in Q1FY16 earnings, followed by a net loss of Rs 204.9 crore in Q2FY16, has prompted the Street to do a rethink.

Risks to profitability loom over Bhel
Posted on 19th November 2015
The odds continue to stack up against Bharat Heavy Electricals Ltd (Bhel), the country’s largest power equipment maker. Weak order inflows, delayed execution, profitability pressure and operating loss haunted the first two quarters of fiscal 2016. But things are unlikely to get better soon. Here’s why:

Order inflows for the first six months at Rs.22,000 crore may have been about 50% higher on the abysmally low base of the year-ago period.


Adani Ports, BHEL, Sun Pharma, Idea Cellular hit 52-week low
Posted on 10th November 2015
Adani Ports & Special Economic Zone (SEZ), Bharat Heavy Electricals Limited (BHEL), Idea Cellular and Sun Pharmaceutical Industries from the Nifty 50 companies have hit their respective 52-week lows on the National Stock Exchange (NSE).

Adani Ports has dipped 5% to Rs 262, its 52-week low on the NSE. The stock slipped 8% in two trading days from Rs 285 after the company through its subsidiary Adani Kattupalli Port, has entered into an in principle agreement for the strategic acquisition of the Kattupalli Port in Tamil Nadu from L&T Shipbuilding.


BHEL slips after Crisil downgrades debt outlook
Posted on 23rd September 2015
Shares of state-run power equipment maker, BHEL are trading lower by nearly 2% at Rs 197.75 on the BSE after the rating agency Crisil downgraded its outlook on BHEL’s long-term bank facilities to 'negative' from 'stable', citing that the company's project execution and profitability will remain vulnerable to structural issues causing distress to the power sector.

The company's working capital cycle will remain stretched, Crisil said in a statement. It, however, its reaffirmed "AAA' rating for the long term facility and "A1+' for short term loans.


Crisil downgrades outlook on BHEL's long term bank loans
Posted on 22nd September 2015
Rating agency Crisil has downgraded its outlook on Bharat Heavy Electricals Ltd's (BHEL) long-term bank facilities to 'negative' from 'stable', saying that the company's project execution and profitability will remain vulnerable to structural issues plaguing the power sector.

The company's working capital cycle will remain stretched, Crisil said in a statement. It, however, its reaffirmed "AAA' rating for the long term facility and "A1+' for short term loans.


Buy Coal India, BHEL, M&M, Asian Paints: Devang Shah
Posted on 21st September 2015
Nifty closed 2nd consecutive week in positive territory, its slow & steady extending on up side as anticipated last week. It has broken out of running triangle kind of consolidation pattern in wave-B on up side; one can expect market to extend towards higher levels targets in short term. It made a high of 8055 levels. All the indices such as Bankex, midcap & Small cap etc also closed 2nd consecutive week in positive territory.

Short term out look for the market remains positive till nifty trades above 7800 levels & expecting targets in the range of 8120-8225 levels in short term. CNX BAKEX is out performing in short term. It’s also extending as anticipated in short term.


Buy ICICI Bank, BHEL, Vedanta: Devang Shah
Posted on 14th September 2015
Nifty closed weekly in positive territory after sharp decline of consecutive last four weeks. It failed to extend in wave-V of C as anticipated. It has completed 5 wave decline structure & achieved W=Y Equality Targets near recent lows. It has made a low of 7539.40 levels during week.

All the other Indices such as Midcap, Small cap & Bankex etc closed weekly in positive territory. CNX BANKEX has also achieved equality targets in this correction as anticipated. It made a low of 15,793 levels & started to sharply rise from these levels. One can expect this rally to continue further for the targets of 17185 levels till this low holds in short term.


Markets extend losses; Nifty slips below 7,750
Posted on 2nd September 2015
Markets slipped to day's lows in noon trades on Wednesday, amid profit taking in bank shares after weak economic data raised concerns over credit growth.

At 1:40PM, the 30-share Sensex was down 123 points at 25,574 and the 50-share Nifty was down 38 points at 7,745.


BHEL profit plunges 82%
Posted on 8th August 2015
State-owned Bharat Heavy Electricals reported a 82.5 per cent plunge in standalone net profit to Rs 34 crore for the April-June quarter of 2015-16. It attributed the decrease in profit to lower sales.The net sales declined 15.5 per cent to Rs 4,281 crore in the June quarter from Rs 5,068 crore during the same period last year.

Private players cry foul over 'unfair' project allotment to BHEL
Posted on 7th August 2015
Power equipment manufacturers have complained to the government of anomalies in awarding engineering, procurement and construction (EPC) contracts as a demand shortfall continues to hobble the sector.

Represented by the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (Ficci), which have written to the power ministry, private equipment makers like Alstom, Bharat Forge, Larsen & Toubro and Toshiba have complained that state utilities are nominating central public-sector undertaking Bharat Heavy Electricals Ltd (BHEL) for projects.


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