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Nomura downgrades BHEL when thermal power ordering looks encouraging

Nomura downgrades BHEL when thermal power ordering looks encouraging

Nomura says it is unsure of BHEL’s EBITDA margin and cash-generation prospects and cuts rating from ‘neutral’ to ‘reduce’. While Prabhudas Lilladher has upgraded its rating to ‘reduce’ from ‘sell’, ICICI Securities maintained its ‘buy’ rating. Read More ​ Nomura says… Read More »Nomura downgrades BHEL when thermal power ordering looks encouraging

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