BHEL Shares Drop After Brokerages Flag Q3 Gross Margin Pressure
Shares Under Pressure Bharat Heavy Electricals Limited shares fell nearly 4% on January 20 as market reacted to earnings commentary.
Q3 Earnings Snapshot BHEL reported 16% revenue growth and more than double net profit, yet margins disappointed analysts.
Broker Views Domestic broker JM Financial cut its price target, citing ongoing execution of low-margin legacy projects like the 10.2 GW pre-Talcher orders