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Positive on BHEL: Unicon Financial

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  • Published On: October 29, 2010
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BHEL continues to surprise positively on all the parameters, says Falgesh Sanghvi, AVP Equity Research at Unicon Financial. For the second quarter, BHEL reported EBIDTA of 16.9 per cent but going forward margins will be under pressure on high copper prices. However, we are positive on BHEL and sector, he adds.
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