'BHEL Has A 43% Downside': Top Brokerages See Frothy Valuation Hit Defence PSU Stock. Shares Fall 5%
NDTV Profit · 15 October 2026

CLSA believes the entry of Chinese suppliers, JSW Toshiba, L&T and Thermax into its core thermal equipment segment question its market dominance and its backlog looks to have peaked, while the stoc…
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