BHEL future querry

[jainsunil]

BHEL future february trading at discount of rs. 8 what does it mean

 

[jamit_05]

BHEL future february trading at discount of rs. 8 what does it mean

If and when the fall starts BHEL is going to generously participate. Its EPS has taken a fall. Last year it was around Rs.22 per share for four quarters. This year, thus far it is Rs.3.8 for two quarters. There are several independent estimates as to how much it can increase in the next two quarters and all estimates are dismal.

 

[Cubt]

BHEL future february trading at discount of rs. 8 what does it mean

Bharat Heavy Electricals Ltd has informed BSE that the Company has fixed February 10, 2014 as the 'Record Date' for the purpose of payment of Interim Dividend, if approved.Source : BSE

This could be the main reason. After the record date, the stock usually falls. Just like Coal India, Pfizer, Strides Lab etc. BHEL is not an exceptional

 

[jamit_05]

Bharat Heavy Electricals Ltd has informed BSE that the Company has fixed February 10, 2014 as the 'Record Date' for the purpose of payment of Interim Dividend, if approved.Source : BSE

This could be the main reason. After the record date, the stock usually falls. Just like Coal India, Pfizer, Strides Lab etc. BHEL is not an exceptional

Stocks falling after dividend is customary. However, a Rs.8 discount on a Rs.160 share is indicative of an imminent strong move. Majority of Open Interest has Shorted Feb Futures of Bhel. The Share price is unlikely to go up by much anytime soon. Moreover, the dividend news will surely add more fuel to the fire.

Just chit-chat. I am neither trading or invested in Bhel, but only interested.