Name: Latest research reports of Bharat Heavy Electricals Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Bharat Heavy Electricals Ltd.
Rating: 5
Author: ICICI Direct

Market Movement

TREND | 30 Oct 2025

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Ventura released a Daily Note report for Market Movement on 30 Oct, 2025.

Bharat Heavy Electricals Ltd.

30 Oct 2025

265.49

1.61%

Bharat Heavy Electricals Ltd.

Buy: Bharat Heavy Electricals Ltd.

ICICI Direct

The stock is well placed to gain from the need for building base load thermal coupled with strong revenue visibility in the medium term. Q2FY26 performance: BHEL reported strong Q2FY26 results, turning profitable. Revenues grew 14% YoY to 7511 crore. With a drop in Employee benefits and other expenses by 260 and 310 bps YoY, EBITDA more than doubled to 580 crore vs 275 crore last year. With operational performance and rise in other income, PAT grew 3.5x YoY to 368 crore vs 106 crore last year. On a segmental basis Power (76% revenue mix) and Industry (24%) business revenues grew +13% and +18% YoY to...

ICICI Direct released a Buy report for Bharat Heavy Electricals Ltd. with a price target of 310.0 on 30 Oct, 2025.

Lenskart Solutions Ltd.

30 Oct 2025

Lenskart Solutions Ltd.: IPO

IPO Subscribe: Lenskart Solutions Ltd.

ICICI Direct

Its key strategies have been enhancement in customer engagement with innovative designs, expanding stores, and introducing products like "Phonic." They have also optimized operations via centralized...

invest4Edu released a IPO Subscribe report for Lenskart Solutions Ltd. on 31 Oct, 2025.

Jindal Steel Ltd.

30 Oct 2025

1066.80

-0.32%

Jindal Steel

Hold: Jindal Steel Ltd.

Recommendation Target

ICICI Direct

About the stock: Jindal Steel (JSL) is one of India's leading steel producers, having Higher volumes and domestic steel price stability to support profitability: In Q2FY26, JSL's EBITDA/ton fell to ~11k (vs 15.8k in Q1FY26), mainly due to higher operating costs of ~250 crore from planned maintenance and metallic purchases. While domestic steel prices are currently down 23% QoQ, management expects an improvement in NovDec'25. With higher volumes and potential price recovery, margins are likely to sustain, with EBITDA/ton projected at 12.9k/14k for...

Jindal Steel Ltd. is trading above all available SMAs

Larsen & Toubro Ltd.

30 Oct 2025

4030.90

1.09%

Larsen & Toubro

Buy: Larsen & Toubro Ltd.

Target

ICICI Direct

Q2FY26 performance: L&T secured robust order inflows (OI) of 115784 crore up 45% YoY and up 23% QoQ, led by energy business which formed 35% of OI. The current order backlog (OB) stands at 667,047 crore up 31% YoY (49% international). Strong execution in the Energy Projects and Hi-tech manufacturing (revenues up 48% and 34% YoY) led to consolidated revenue growing by 10% YoY to 67984 crore for Q2FY26. Consolidated EBITDA grew 10% YoY to 6806 crore and EBITDA Margins came in at 10% down 30 bps YoY due to margin compression in IT & TS segment and energy projects. Consequently, PAT came in at 3926 crore up 16% YoY. On strong customer collection, the NWC ratio to sales improved significantly (200...

Larsen & Toubro Ltd. is trading above all available SMAs

Aditya Birla Real Estate Ltd.

30 Oct 2025

1876.70

-0.72%

Aditya Birla Real Estates

Buy: Aditya Birla Real Estate Ltd.

ICICI Direct

New Business Development to be key monitorable for sustainable highgrowth: The company has yet not closed any new business development in FY26 till date, although it is in advance stages with respect to 30,000 crore GDV projects across its key geographies. It expects to close FY26 with 10,000-15,000 crore GDV additions. Currently, out of its total project portfolio size of ~ 69,900 crore, it has sold ~ 18,700 crore (27%) and left with ~ 51,300 crore sales potential (43% Worli and 19% Thane projects share). Owing to its concentrated large size projects in two key locations, we believe it would require new business developments at diversified...

Aditya Birla Real Estate Ltd. is trading below its 100 day SMA of 1959.4

Varun Beverages Ltd.

30 Oct 2025

469.65

-3.21%

Indian volumes stood impacted by prolonged rainfall; medium-term outlook remains constructive

Buy: Varun Beverages Ltd.

Target

Deven Choksey

Management remains optimistic about sustaining growth momentum, supported by robust international performance and a recovery in domestic demand as weather conditions normalize.

Varun Beverages Ltd. has an average target of 584.50 from 10 brokers.

Nifty 50

30 Oct 2025

25722.10

-0.60%

ROLLOVER ANALYSIS

Nifty 50

invest4Edu

In October, the benchmark index Nifty delivered an impressive performance, advancing 5.38% on a month-to-date basis and positioning itself just shy of its all-time high.