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The Economic Times
The Economic Times
Business
Debaroti Adhikary

BHEL share price: Brokerages see up to 23% upside after Maharatna PSU posts first Q1 profit in 8 years

BHEL ICICI Securities JM Financial

Shares of Bharat Heavy Electricals (BHEL) recently scaled a fresh 52-week high, but brokerages believe the rally may not be over yet after the Maharatna PSU posted a strong set of Q1FY27 results last week.

The company on Thursday reported a consolidated net profit of nearly Rs 377 crore for the April-June quarter, compared with a net loss of Rs 455.5 crore in the year-ago period. Revenue from operations jumped more than 40% year-on-year to Rs 7,697.72 crore from Rs 5,486.91 crore a year earlier.

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