{"id":73367,"date":"2022-11-15T15:48:00","date_gmt":"2022-11-15T10:18:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=73367"},"modified":"2022-11-15T15:45:19","modified_gmt":"2022-11-15T10:15:19","slug":"stock-to-sell-analysts-expect-a-57-downside-in-this-psu-stock-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-to-sell-analysts-expect-a-57-downside-in-this-psu-stock-do-you-own-it\/","title":{"rendered":"Stock to Sell: Analysts expect a 57% downside in this PSU stock; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2500217957\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BHEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bharat Heavy Electricals Limited<\/a><\/strong> (BHEL), a public sector undertaking (PSU) nose-dived after reporting a marginal increase in its net profit for the quarter that ended September 2022 (Q2FY23). Its share price declined to the tune of 7% in the past two days. They were trading at \u20b9 70.65 apiece, at 11:23 AM on Tuesday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4285872276\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The state-run power manufacturer reported its results for the July to September quarter (Q2FY23). Its income from sales increased marginally to \u20b9 4,927.95 crores, from \u20b9 4,910.62 crores (up, according to a filing with the exchanges. However, its other income grew over three-fold to \u20b9 216.17 crores in the second quarter of FY23, taking the total income to \u20b9 5,418.74 crores.\u00a0<\/p><p>The company reported a consolidated net profit of \u20b912.1 crores for the September quarter on the back of the rise in other income and sales growth in the power segment. BHEL\u2019s power segment saw a 6.36 per cent on a year-on-year (YoY) basis to \u20b9 3,814.35 crores. However, its industrial sales declined nearly 16 per cent to \u20b91,113.60 crores during the quarter.\u00a0<\/p><p><strong>Global research firm Goldman Sachs has maintained a &#8220;sell&#8221; rating on the stock with a target price of \u20b9 30 per share. This translates to a downside of 57.53% as compared to its current share price of \u20b9 70.65.\u00a0<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2741510528\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to Goldman Sachs, the results were weak as the path to profitability is still uncertain. &#8220;Lack of opportunities on thermal power while diversification away from its key segment is likely to be gradual. We expect the company to turn profitable in FY24,&#8221; the brokerage added.&nbsp;<\/p><p><strong>Jefferies has raised the target price of the company from \u20b9 35 to \u20b9 40. However, it has an \u201cunderperform\u201d rating on the stock. The given target indicates a downside of 43.38% as compared to its current share price.\u00a0<\/strong><\/p><p>BHEL\u2019s share price has increased by 14.74% year-to-date. It functions under the Ministry of Heavy Industries, Government of India. It is an integrated power plant equipment manufacturer that is engaged in the design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services. It caters to the core sectors of the economy including power, transmission, renewable energy, oil and defence.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3746879343\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Bharat Heavy Electricals Limited (BHEL), a public sector undertaking (PSU) nose-dived after reporting a marginal increase in its net profit for the quarter that ended September 2022 (Q2FY23). Its share price declined to the tune of 7% in the past two days. They were trading at \u20b9 70.65 apiece, at 11:23 AM [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5158,5159,5020,5021,5157,3157,3158,5111],"class_list":["post-73367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-psu-stock-to-sell","tag-psu-stock-to-watch","tag-stock-to-sell","tag-stock-to-sell-in-2022","tag-stock-to-sell-in-november","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stock-to-watch-in-november"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock to Sell: Analysts expect a 57% downside in this PSU stock; Do you own it? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-to-sell-analysts-expect-a-57-downside-in-this-psu-stock-do-you-own-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock to Sell: Analysts expect a 57% downside in this PSU stock; Do you own it?\" \/>\n<meta property=\"og:description\" content=\"The shares of Bharat Heavy Electricals Limited (BHEL), a public sector undertaking (PSU) nose-dived after reporting a marginal increase in its net profit for the quarter that ended September 2022 (Q2FY23). 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