Whalesbook
L&T Aur BHEL Ne Jeete Bade Infrastructure Projects!
Arre bhaiyo, L&T (Larsen & Toubro) ke liye ekdum dhamakedar news hai. Ye company ₹22,500 crore ke ek bade infrastructure package ke liye sabse kam boli lagane wali (lowest bidder) bani hai, jisme NTPC aur DVC ke projects shamil hain. Iske alawa, sarkari company BHEL (Bharat Heavy Electricals Limited) bhi piche nahi rahi, inone Odisha Genco Thermal Power Station ke expansion ke liye ₹10,300 crore ka package jeeta hai.
Stock Market Ka Reaction:
Is news ka asar stock market par turant dikha. L&T ke shares 7.7% uchal gaye aur ₹4,000 ka level phir se haasil kar liya, jo 20 din baad hua hai. Investors ko L&T ke growth par bharosa dikh raha hai. Wahi, BHEL ka stock 4.8% badhkar ₹265.84 par band hua. Yeh BHEL ke liye ek achha sign hai, kyunki saal ki shuruaat se ab tak stock 9% gira tha. Ab dekhna hai ki kya ye rally chalti hai.
India Ki Infrastructure Pe Focus:
Yeh bade deals India ke infrastructure development par zor dene ka saboot hain. Sarkar desh ke liye infrastructure ko bahut important maan rahi hai. Power sector mein bhi kafi kaam ho raha hai, jisme 2030 tak 500 GW non-fossil fuel capacity ka target hai. L&T aur BHEL jaise companies is development mein badi bhumika nibha rahe hain.
Valuation Ki Kahani:
L&T ki valuation (P/E ratio 27-35 ke beech) uski consistently achhi earnings aur market mein strong position dikhati hai. Kai analysts ka maan na hai ki L&T aur upar ja sakta hai, target ₹4,500 se ₹4,680 tak ka de rahe hain.
BHEL ki valuation thodi complex hai. Iska P/E ratio kabhi 100 ya 500 se bhi upar ja sakta hai, matlab investors ko iski recovery se badi ummeedein hain. Kuch analysts ne isko 'Moderate Buy' kaha hai aur target ₹343 ya ₹323 diya hai. Lekin, iska ROE kam (1.67%-2.29%) hai aur stock ne saal mein ab tak achha perform nahi kiya, toh is potential ko realize karne ke liye company ko apni performance sudharni hogi.
Risks Bhi Hain:
BHEL ke liye high P/E ratio aur low ROE chinta ka vishay ho sakta hai. Bade government contracts mein delays ya profit margins kam hone ka risk rehta hai. L&T bhi bade projects execute karne mein challenges aur competition mein margin pressure face kar sakti hai. Commodity prices aur global issues bhi impact kar sakte hain.