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.
CarTrade Tech shares slide 11% as investors look past Q3 revenue growth, margin expansion
CarTrade Tech shares slid sharply after the company reported strong December-quarter profit growth and a significant expansion in margins, with investors focusing instead on a