Buy BHEL With Stop Loss Of Rs 2420

Buy BHEL With Stop Loss Of Rs 2420Stock market analyst JK Doshi has maintained 'buy' rating on Bharat Heavy Electricals Ltd (BHEL) stock with one-week target of Rs 2510.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 2420.

Today, the stock of the company opened at Rs 2449 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2585 and a low of Rs 2160 on BSE.

Current EPS & P/E ratio stood at 92.09 and 26.46 respectively.

The company is in search of a technology provider with the intention to make heavy turbines for the Atomic Power Stations to crop up following the US-Indo Civilian Nuclear deal.

According to the company's official, "We are holding talks with some Multi National Companies (MNCs) for the technical know-how to go in for production of heavy turbines at BHEL here."

"BHEL has plans to manufacture turbines for 700 and 1000 mega watt atomic power units in the country," he said.

After settling down the technology provider, the company together with Nuclear Power Corporation of India Limited (NPCIL) will sign up the agreement with it.

The company stated that it has licensed a captive gas-based power plant at a refinery in Oman.