Buy Manappuram Finance Limited and Bharat Heavy Electricals Limited

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Buy Manappuram Finance Limited:

Manappuram Finance Limited

Manappuram Finance Ltd has officially announced a consolidated sales of Rs. 1,352.93 Cr for the third quarter finished on 31-12-2020, which is 3.81% up from its previous quarter sales of Rs. 1,565.58 Cr and 10.44% down from its previous year same quarter sales of Rs. 1,399.02 Cr. The company reported a net profit after tax of Rs. 174.06 Cr in the previous quarter.

Outlook:

Manappuram Finance Ltd: Experts suggested buy call at current market price: Rs. 177.00 with a target price: Rs. 190; stoploss: Rs. 172.

Buy Bharat Heavy Electricals Limited:

Bharat Heavy Electricals Limited

Bharat Heavy Electricals Ltd has officially announced standalone sales of Rs. 4,203.04 Cr for the third quarter finished on 31-12-2020, which is 15.81% up from its previous quarter sales of Rs. 3,695.96 Cr and 25.44% down from its previous year same quarter sales of Rs. 5,459.24 Cr. The company reported a net profit after tax of Rs. -61.89 Cr in the previous quarter.

Outlook:

Bharat Heavy Electricals Ltd: Experts suggested buy call at current market price: Rs. 60 with a target price: Rs. 51.65; stoploss: Rs. 48.50.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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