GK and monthly revision

Analysts divided over BHEL's OFS for retail investors

BHEL, a state-owned engineering and manufacturing company, has launched a ₹4,422 crore offer for sale (OFS) for retail investors. Analysts are divided on the valuation, with some seeing no immediate upside for short-term investors, while others believe it could be attractive for medium to long-term investors given BHEL's strong order book. The OFS is seen as a divestment exercise by the government rather than a trigger for a rerating of the company's stock.