India's Bharat Heavy Electricals slides on wider quarterly loss

Bharat Heavy Electricals

07/08/2025 04:59

** Shares of Bharat Heavy Electrical BHEL.NS fall 3.3% to  231.8 rupees

        ** Stock top loser in Nifty Midcap 50 index .NIMDCP50, which is down 0.5%

** Engineering and manufacturing co reported a wider first-quarter loss, hurt by lower demand for power and industrial equipment

** UBS and Investec say co missed consensus expectations of earnings

** Despite a healthy order book, brokerages caution that execution pace and profitability remain critical challenges

** UBS sees BHEL at early stage of a thermal revival cycle, anticipating improved execution over next 3–4 quarters, following long-cycle industrial trends

** BHEL rated "hold" by 19 analysts on average; median target price is 243 rupees – data compiled by LSEG

** Stock up 1% YTD vs NIFTY Midcap 50 down 0.6% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))