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BHEL FPO likely to happen after markets improve
The proposed 5% disinvestment of BHEL is likely to get delayed on account
of unhealthy market conditions. While the Cabinet Committee of Economic
Affairs has given in- principal approval, the bearish sentiments in the
capital markets may not fetch the fair price for the stake sale. The
government will go ahead with the FPO once the market condition
stabilises. In addition to the long-term structural concerns on the overall
financial health of the company, the FPO element has remained an
overhang for the stock. We continue to remain Neutral on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
BHEL FPO likely to happen after markets improve
The proposed 5% disinvestment of BHEL is likely to get delayed on account
of unhealthy market conditions. While the Cabinet Committee of Economic
Affairs has given in- principal approval, the bearish sentiments in the
capital markets may not fetch the fair price for the stake sale. The
government will go ahead with the FPO once the market condition
stabilises. In addition to the long-term structural concerns on the overall
financial health of the company, the FPO element has remained an
overhang for the stock. We continue to remain Neutral on the stock.
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