HomeStock MarketGoldman Sachs maintains'sell' on BHEL and predicts 57% downside.

Goldman Sachs maintains’sell’ on BHEL and predicts 57% downside.

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By lapaasindia
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  • Bharat Heavy Electricals (BHEL) shares fell about 6% in the morning on November 14 after Goldman Sachs maintained a “sell” call.
  • State-run power equipment company posted a total net profit of Rs 12.1 crore for the September quarter.
  • Regulatory filings show BHEL’s sales rose to Rs 4,927.95 crore from Rs 4,910.62 crore.
  • The company’s other income rose over three-fold to Rs 216.17 crore in the second quarter of FY23, reports stated.

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