Reuters Market Eye - Shares in Bharat Heavy Electricals Ltd (BHEL.NS) gain 3.3 percent after CLSA adds the stock to its Asia ex-Japan long only portfolio with a 3 percent weighting.
The addition is noted in CLSA's strategist Christopher Woods' Greed & Fear report dated on Monday.
Dealers say BHEL seems like a contrarian bet by CLSA: As per I/B/E/S estimates BHEL has 18 'underperform' and 13 'sell' ratings versus 3 'buy' and 1 'outperform' rating.
Trending On Reuters
India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies, the government said on Wednesday. Full Article
Weak demand weighs on China factory, services firms in March, more easing seen Full Article