CMP: Rs 1,707.10
Target price: Rs 2,100
Deutsche Bank has reiterated its buy rating on Bhel, while revising the price target to Rs 2,100. It feels the stock's recent correction is an opportunity for long-term investors, as it expects revenue growth to pick up over the next couple of quarters.
"A detailed analysis of all 40-odd projects being implemented by Bhel suggests that there is a likelihood of bunching up of new capacities for commissioning from 2QFY09 (Sep-08) onwards," the bank said in a client note.
"In addition, commissioning of 5000MW of short cycle industry and export orders as well as Bhel's initiatives to boost its capacity should drive up earnings in the medium term," it added.
CMP: Rs 168.75
Target price: 208
Enam Securities has rated Reliance Petroleum a neutral, with a price target of Rs 208 on belief the company is ready to capture buoyancy in the global refining cycle.
"We expect the ref…