Budget 2017: What may be in store for BHEL stock

A look at how the stock has moved in the past year and what it may get from Budget 2017

With project execution and order flows for BHEL under pressure, expectations remained high last year. They are still high for the power sector, keeping traders excited. Measures to boost the transmission and distribution segment,  allocations to integrated power development schemes and additional depreciation on new transmission equipment were announced last year. Outlay for renewable energy was also increased.

Current Budget: Expectations have built up further, as measures to improve the health of state distribution companies (SEBs) are critical. Unless SEBs’ financials improve, their ability to purchase power and upgrade infrastructure will remain an overhang. Incentives to improve transmission infrastructure are also expected.

Note: Net sales and net profit are for trailing 12 months ended September 2016; Price, market cap and PE ratio are as on Jan 25, 2017; sales, profit and market cap figures are rounded off. Source Capitaline/Exchange

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