BHELQ3: No light at end of tunnel:
Yesterday advised to sell @126 , will stock go down to 2 digit?
for Q3, BHEL has stunned marketmen by reporting Loss of 1101 crores. It included onetime writeoff Rs 1100 crores. So before oneoff, there appears to be no loss.
However BHEL has written back Tax Rs 597 crores. It mean:
1. Actual Loss from operations before one off is Rs 597 crores
2. Actual Loss after oneoff is whopping 1699 crores ( before tax write back)
Order book is decreasing , down 3%.
In early 2014, stock had traded at 98.65.
Looking at stressed state of power generating companies, can there be another write off in Q4?
Yesterday advised to sell @126 , will stock go down to 2 digit?
for Q3, BHEL has stunned marketmen by reporting Loss of 1101 crores. It included onetime writeoff Rs 1100 crores. So before oneoff, there appears to be no loss.
However BHEL has written back Tax Rs 597 crores. It mean:
1. Actual Loss from operations before one off is Rs 597 crores
2. Actual Loss after oneoff is whopping 1699 crores ( before tax write back)
Order book is decreasing , down 3%.
In early 2014, stock had traded at 98.65.
Looking at stressed state of power generating companies, can there be another write off in Q4?
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