Brokerages are divided on how a potential easing of India’s restrictions on Chinese firms bidding for government contracts could affect Bharat Heavy Electricals Ltd. While Jefferies flags competitive risks if curbs are lifted, JM Financial argues that any relaxation, especially at the component level, would lower costs, improve execution and leave BHEL’s market position largely intact, underpinning its positive long-term outlook on the stock.
Deficient monsoon risk rises, but macro impact on GDP expected to stay muted
India’s agricultural output and inflation face heightened concerns as the India Meteorological Department forecasts a stronger probability of deficient rainfall. However, the impact on agriculture
June 4, 2026