CLSA is of the view that the quality of growth shown by BHEL in Q2 was not good as it was led by non-cash forex maket-to-market gains, which was the key factor behind the growth in the September quarter.
CLSA is of the view that the quality of growth shown by BHEL in Q2 was not good as it was led by non-cash forex maket-to-market gains, which was the key factor behind the growth in the September quarter.