Buy Bharat Heavy Electricals; target of Rs 520: ICICI Securities

ICICI Securities issued a buy rating for Bharat Heavy Electricals with a target price of Rs 520. BHEL started FY27 with revenue growing 40% and a profit of INR 3.8bn. The firm got many new orders worth INR 2.7trn recently, which showed strong execution and helped improve its overall financial performance.