Result Analysis: BHEL, Tata Power
Read an in-depth analysis of the March quarter performance and the road ahead for these two frontline counters.
Despite better-than-expected results posted by engineering giant BHEL, analysts do not see any major respite for its share price. This is because structural issues in terms of slowdown in new orders, pricing pressure, increasing competition and oversupply in the industry remain. These will keep the pressure not just on growth in revenue, but also on earnings. Part of this is already reflecting in its financial performance. Click here for more
The Tata Power stock corrected 5.3 per cent on Tuesday as investors turned nervous ahead of its results for the period ended March 2012. With the results coming in below expectations largely due to one-off items, on Wednesday, the stock fell further by as much as five per cent intra-day and closed with a net decline of 2.3 per cent. Though top line growth was robust for the quarter and year ended March 2012, higher overhead costs, impairment provision for Mundra and forex losses took a toll on its performance at the operating and net levels. Click here for more
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