BHEL Rating Upgraded to Buy on Improved Technical and Financial Trend
BHEL’s rating is upgraded as its technical grade shifts from mildly bullish to bullish, supported by a marked improvement in its financial trend. Weekly signals stay mildly bullish while monthly readings remain mixed. Valuation is marked “very expensive,” with high EV/EBITDA and PEG ratios, but the market rewards improving sales and profitability despite a low dividend yield and relatively low ROCE.