Mitesh Thacker of miteshthacker.com recommends a buy rating on BHEL with a target price of Rs 134 and a strict stop loss placed at Rs 121. The stock is trading with a P/E of -33.57 and P/B of 0.89. The stock is looking bearish on the charts.BHEL is a high beta stock (1.58) and is trading well above its 50-day and 100-day moving averages placed at Rs 122.89, Rs 120.17, but below its 200-day moving average of Rs 156.50, as per data collated by ETMarkets.com. The stock has lost 26 per cent so far in the calendar year 2016.

Source: Economic Times June 10, 2016 08:16 UTC