{"id":155866,"date":"2026-07-17T10:11:00","date_gmt":"2026-07-17T04:41:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=155866"},"modified":"2026-07-17T10:11:01","modified_gmt":"2026-07-17T04:41:01","slug":"bhel-share-price-target-clsa-underperform-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bhel-share-price-target-clsa-underperform-2026\/","title":{"rendered":"BHEL Share Price Target: CLSA Retains Underperform With Rs 306 Target Even as Q1 FY27 Revenue Jumps 40%"},"content":{"rendered":"
<\/div>\n

BHEL share price target Rs 306 by CLSA, underperform retained. CMP Rs 445, up 2.53% (17 Jul). Q1 FY27 revenue up 40% YoY, EBITDA margin 6.5%. Stock at 40x FY28 PE. Target implies over 31% downside.<\/em><\/p>\n

The BHEL share price<\/a> target has been retained at Rs 306 by global brokerage CLSA, which reiterated its underperform rating on BHEL even after the state-run power equipment maker reported 40 percent year on year revenue growth in Q1 FY27. The target implies a downside of over 31 percent from the current market price of Rs 445, at which the stock was trading on the NSE in early trade on 17 July 2026, up 2.53 percent.<\/p>\n

The BHEL share price target debate centres on earnings quality. CLSA’s caution stems from the quality of the margin improvement and the stock’s expensive valuation. While the headline numbers looked strong, the brokerage flagged that a large part of the profit came from items outside the core business.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n