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share market, share price less than 100 rupees; Share market investment bhel share worth less than 100 rupees could give investors profit in near future SEDI News

Mumbai : If you are looking for well-valued stocks to invest in the stock market, you can keep an eye on Bharat Heavy Electricals (BHEL) shares. It is a public sector company with government participation. The company’s share is currently around Rs. The brokerage house has predicted a 70 percent return on investment in these shares. Even after Kovid-19, the performance of the company has been good in the last financial year. On the other hand, the company’s profit will increase due to decrease in the price of raw materials. The company will also benefit from the increase in electricity demand in the coming years.

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Brokerage house ICICI Securities says that in the wake of the current energy crisis, the company’s margins are expected to increase in the coming quarters. This will increase the profit of the company. But there are some risk factors, such as delays in order execution and rising raw material prices.

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Further increase in profit is expected
The brokerage house says that despite challenges related to Covid-19, BHEL has performed well in FY2022. Implementation has improved. Orders in FY22 grew by 76 percent year-on-year to Rs 23,600 crore. By FY 2022, the total order book has reached 1 lakh crores.

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Given the strong financial position of the company, the brokerage has assigned a target of Rs 100 for investment in the stock. It could be 70 percent stronger from the current price of Rs 59. The target for the first share was Rs 76.

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