BHEL trade ideas
BHEL BREAKOUTDisclaimer- The risk of loss in trading stock, future,forex and option is substantial and losses may exceed initial investments. Past performance,wherther actual or simulated, is not indicative of future results. By viewing this video you agree that decision to purchase or sell any financial product is the sole responsibility of the person initiating such a transaction, specifically you. and Wealth Depth or this Youtuber is not responsible for your decisions or their consequences. This Video is for educational purpose only.
Thank You...😊
BHEL INTRADAY DEC2 29Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
.
BHEL
Daily Timeframe : It is in uptrend.
15 min : It is in the Range.
*Wait for the opportunity and we could see the movement.
THANK YOU !!!!
BHEL*BHEL*
C&H Pattern: Weekly Basis
MultiYear Trendline/C&H: Price BreakOut
Vol. Consolidation/Further BuiltUp
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
GOI owned (63.17%), India’s largest Engineering Co. Into Supply of Equipment for power plants. Products include gas turbines, generators, thermal sets, diesel shunters, turbo sets, hydro sets, power transformers, switch gears, circuit breakers / boilers. Also manufactures compressors, valves, rectifiers, pumps, capacitors, oil rigs /castings/ forgings.
In Q2FY23, booked new orders of Rs 14511 Crs. Total O/s orderbook stands at Rs.106,376 Crs for 30th Sep’22.
Net debt was at Rs.5680 Crs.
RoA/ROE/RoCE turned +ve in FY22 vs. -ve in FY21.
C&CE of ~Rs.2400 Crs for FY22 / Low utilisation of FB Bank Lines.
Trade Receivables Down 8% YoY/ 6% QoQ, to Rs.6600 Crs.
FII Stake Up since Dec’21 /DII Stakes Up since Jun’22.
*Concern:*
In Q2FY23, Revenue grew 0.4% YoY to Rs. 4928 Crs. EBITDA was -ve at Rs.244 Crs, PAT at Rs.10 Crs (tax refunds).
High dependence on Power Sector. To mitigate, Co. diversifying.
Slow execution of Projects.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)