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Buy BHEL, target of Rs 1585: IIFL

Posted on: April 8th 2009 in Brokerage Recommendations.

IIFL has recommended a buy rating on Bharat Heavy Electricals with a target price of Rs 1,585 in its April 06, 2009 research report. “Higher-than-expected 34% YoY growth in 4Q gross revenues was reassuring after the execution slip in 3Q. However, our fears of a muted guidance for F…

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