Bhel Shows a breakout of a downloping wedge pattern-Swing Trade

9 mar 2023

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.

Market Cap
₹ 27,299 Cr.
Current Price
₹ 78.4
High / Low
₹ 91.6 / 41.4
Stock P/E
35.0
Book Value
₹ 75.4
Dividend Yield
0.50 %
ROCE
2.93 %
ROE
1.67 %
Face Value
₹ 2.00
Debt
₹ 5,750 Cr.
EPS
₹ 2.24
PEG Ratio
-49.4
Promoter holding
63.2 %
Intrinsic Value
₹ 36.7
Pledged percentage
0.00 %
EVEBITDA
18.4

Stock is trading at 1.04 times its book value
Debtor days have improved from 86.0 to 52.0 days.
Company's working capital requirements have reduced from 129 days to 84.0 days

After given breakout on daily timeframe stock looking attractive to enter at this current price also 78,20, take 50% and 50% at 72-75 level range and keep stop loss at 66 and target we can see 90/92+. Chances are very high to rach our target price.

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22 sie 2023

Uwaga

it's got double in just 5 months