BHEL stock slipped 10.34% to Rs 272.30 on Thursday. Market cap of the firm stood at Rs 94,816 crore.
At the day’s high of Rs 270.90, the stock is still 23 per cent below its 52-week high of Rs 354.65 and 168 per cent above its 52-week low of Rs 101.05.
Kotak suggested targets of Rs 320 for Tata Power, Rs 260 for Power Grid, Rs 325 for NTPC, Rs 75 for NHPC, and Rs 495 for JSW Energy. CESC, Coal India, and ACME Solar were valued at Rs 165, Rs 370, and Rs 350, respectively.
The company's revenue from operations slipped 3.19 per cent to Rs 30,187 crore in Q2 FY26, from Rs 31,182 crore in the corresponding quarter of the previous fiscal.
Profits are projected to increase for CESC, IEX, NHPC, NTPC, Power Grid, Torrent Power, and Tata Power, while Coal India, JSW Energy, and SJVN could see PAT declines. Top picks remain PGCIL and CESC.
Coal India shares are placed above their 5-, 10-, 20-, 30-, 50-, 100-, 150- and 200-day simple moving averages (SMAs).
CIL Q4: The state-run firm's revenue from operations, however, slipped 1.02 per cent to Rs 37,824.54 crore in Q4 FY25 from Rs 38,213.48 crore in the year-ago period.
CIL shares were seen trading 0.53 per cent up at Rs 386.45. At this price, they have slipped 11.22 per cent in the last six months.
Brokerage firm Axis Securities has suggested three stocks- Coal India, LIC Housing Finance and Mazagon Dock Shipbuilders- as the markets staged a strong rebound recently.
An analyst from Anand Rathi said that JSW Energy has corrected 49 per cent from its peak and is now rebounding from the 200-weekly EMA, forming an inverse head and shoulders pattern.
Domestic brokerage firm JM Financial has shared target prices for select power stocks including Tata Power Co, JSW Energy, NTPC, Coal India, SJVN and Torrent Power.





