Sell BHEL With Stop Loss Of Rs 2220

Sell BHEL With Stop Loss Of Rs 2220Technical analyst Pradeep Surekha has maintained 'sell' rating on Bharat Heavy Electricals Limited (BHEL) stock with a target of Rs 2150.

According to analyst, the investors can sell the stock with a stop loss of Rs 2220.

It is better to sell stock in today's session as there are full chances of decline.

Today, the stock of the company opened at Rs 2222.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2695 and a low of Rs 2200 on BSE.

Current EPS & P/E ratio stood at 97.90 and 22.31 respectively.

State-run power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) and GE India Industrial Pvt. Ltd (GEIIPL) inked a deal for making water treatment equipments in the country.

According to the deal, BHEL and GEIIPL will mutually direct and provide water treatment solutions for India.

Moreover, Bharat Heavy Electricals (BHEL) has registered a growth of 33.15% in its net profit, which stood at Rs 11,422.80 million for the three month period ended September 30 as against Rs 8,578.80 million for the same period of 2009.

Company's total income grew by 24.98% to Rs 86,526.40 million for the period ended Sept 30 from Rs 69,230.20 million for the three month period ended Sept 30.