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'BHEL Has A 43% Downside': Top Brokerages See Frothy Valuation Hit Defence PSU Stock

NDTV - Trending·15 Oct 2026
'BHEL Has A 43% Downside': Top Brokerages See Frothy Valuation Hit Defence PSU Stock

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…

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