Analysts divided over BHEL’s OFS for retail investors

February 12, 2026

Analysts are divided on BHEL’s ₹4,422 crore offer for sale, with caution on valuation but optimism over its order book. While short-term investors may see no immediate upside, those with a medium to long-term horizon could find merit in bidding. The OFS is seen as a divestment exercise rather than a rerating trigger.

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