Bullish on BHEL: Ashit Suri

Ashit Suri, Fundamental Research Analyst, JV Capital Service

I would like to know the target price for BHEL and one key investment rationale for this stock?

Ashit Suri: BHEL basically has very strong order book 1.48 lakh crores, performances have been good in the June quarter. Again a lot of diversification in terms of collaboration happening on different fronts like the nuclear space, voltage equipment space and if one has to look at the valuations, again 18 times FY12 earnings very reasonable, targets of 2800+ over a 12-15 month timeframe for BHEL.