Financial Daily
from THE HINDU group of publications
Tuesday, July 03, 2001
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Financial Daily from THE HINDU group of publications Tuesday, July 03, 2001 |
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BHEL: Orders flow in
THE order bagged by BHEL from an Australian company is likely to have a favourable long term influence. In the near term, price trends may be determined by the overall market sentiment given the major trading changes in place.
The company has bagged a $60-million order for power equipment from AES Corp for installation in Australia. This order comes close on the heels of a similar sized order bagged in the domestic market last week. These provide comforting accretion to the BH
EL order book and may augur well for the revenue stream over the medium to long term. The stock may stay rangebound at around current levels. -- BL Research Bureau
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