BUY SBIN @ 1650 FOR TARGET 1690-1725 STOPLOSS 1630.
BUY TATAMOTORS @ 338 FOR TARGET 345-348 STOPLOSS 333.
BUY CAIRN INDIA ABOVE 324 FOR TARGET 345-355 STOPLOSS 320.
SELL BELOW 317 FOR TARGET 309-305 STOPLOSS 322.
20 Sep, 2013, 1643 hrs IST, Sarita C Singh, ET Bureau
B P Rao, Chairman and Managing Director, BHEL during a visit to the Hydro, Transformer, Traction and Electrical Machines manufacturing division of BHEL, in Bhopal. (File image)
NEW DELHI: Bharat Heavy Electricals Ltd secured orders worth over Rs 31,650 crore during financial year 2012-13, an increase of 43 per cent over 2011-12.
The orders were received from sectors like captive power, rail transportation, power transmission, oil and gas, renewable energies and other industrial segments, BHEL chairman and managing director B P Rao said on Friday.
"Despite subdued business conditions in the power and infrastructure sectors coupled with intense competition in domestic and overseas markets, BHEL was able to secure orders worth Rs 31,650 crore, an increase of 43 per cent over 2011-12," he said in his speech to shareholders.
The company had an order book of over Rs 22,096 crore in the 2011-12. The total orders in hand for execution are at about Rs 1,15,100 crore, he said. Rao said that the company clocked a turnover of Rs 50,156 crore and a net profit of Rs 6,615 crore in 2012-13.
BHEL commissioned 10,340 mw power plant equipment during 2012-13. and received export orders of Rs 2,004 crore from 20 countries in 2012-13.
BHEL's June quarter update:-
>Orders received during: Rs 1469 crore
>Power sector: Rs 818 crore
>Industry sector: Rs 648 crore
>Orders bagged for supply of boiler package for 4 units of 120-mw from Jindal Power Ltd for thermal projects in Africa.
>Order book as on June 30, 2013: Rs 1,08,600 crore
>82 per cent by power sector
>10 per cent by industry sector
>8 per cent by international operations.
Ashu Madan of Religare Securities told CNBC-TV18, Reliance Power since last four-five weeks has been trading with a huge volume within Rs 65-70 band, so I think this band should hold, something should come up. The movement it crosses Rs 70-72, it can go to Rs 82 levels but I think one should keep a strict stop loss of Rs 65-66 on the downside to hold this.
He further added, This is a buy also at Rs 72, which is not very far from the current price but it has given a very sideways movement with the big volume. So I feel that probably something is coming up and maybe if it is able to cross Rs 72, we could see some sharp rise in this stock. So one should wait and hold on to this stock with a strict stop loss of Rs 65-64 levels if it convincingly breaks down below that.
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