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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.

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​ 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. 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.  Moneycontrol Latest News Read More  

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