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My observations about BHEL: (1) Like all PSUs, BHEL also has the curse of inefficiency and a management which is not very proactive, that is a fact and we should accept it. (2) However, Atmanirbhar Bharat, Make In India, Ban on defense imports are a huge boost to BHEL`s orders. (3) The recent news about Okaya and the agreement with SwissRapide about Maglev trains are both great news. (4) Markets are always forward-looking, not backward-looking. Investors should look forward to a lot of action in BHEL in the next few quarters. (5) It was known to everyone that Covid would disrupt Q1 results badly and that`s exactly what happened. I`m surprised that Motital Oswal and the others are predicting 22/-, which will never happen. Each time I hear such ridiculous target prices, I lose some respect for the so-called Research being done in these brokerage houses. Last year, at the same time, BHEL was in 50`s. The very fact that it is 36 right now is due to Covid-19 and other reasons. Keeping the upcoming quarters in mind, BHEL has strong support around 34-35 and should move up strongly from here. Everything else that people say is bullshit. Please don`t be mislead by operators. I won`t call this a fundamentally great stock, but this is quite a decent stock and deserves to be priced higher, for the quantum of orders they`re going to get. If you already invested, don`t book a loss at all, just be patient for a couple of weeks at the most.

12.24 AM Sep 17th
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