CLSA has highlighted the strong rebound in fossil fuel orders as a key positive for Bharat Heavy Electricals Ltd (BHEL), attributing the trend to India’s renewed focus on energy security.
The brokerage noted that BHEL’s thermal business orders peaked at 26.6 GW in FY25, marking a significant upcycle in the segment. However, CLSA flagged concerns over valuation, stating the stock looks expensive at 35 times FY26 estimated earnings.
The stock is currently trading at Rs 250.60.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
