Buy for April 10 2008

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Buy Bharat Heavy Electricals Ltd at 1780, 1785, 1790.

BHEL will see its stocks go higher in the next couple of months. The Target price for BHEL is 2250 by Mid June. With all the joint ventures BHEL has formed in the last few months with Reliance power and NTPC, it will see good earning for both 2008 and 2009.

BHEL forms joint venture for Nuclear projects

BHEL - Provisional figures for FY 2007-08
April 03, 2008 ( See below)

Bharat Heavy Electricals Ltd (BHEL) has informed that the following tentative financial results (flash results), as approved by the Board of Directors in its meeting held on April 03, 2008, would be announced by CMD/BHEL in the press conference to be addressed by him on April 03, 2008.
(Rs in million)
------------------------------------------------------------------------------------------
2006-07 2007-08
(Audited) (Provisional)
------------------------------------------------------------------------------------------
Turnover 187390 216080
Economic Value Added (EVA) 16570 17950
Profit Before Tax (PBT) 37360 43950
Net Profit (PAT) 24150 28150
Orders inflow 356430 502650
Value Added per employee
(Rs. in Lakhs) 17.05 19.10
Earnings per Share (Rs.)* 49.3 57.5
------------------------------------------------------------------------------------------
You can visit the latest anouncement on BSE India for BHEL



Source: BSE India

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