BHEL shares fall 4% despite Q2 profit jumping 119% YoY. Should you buy, sell or hold?

Bharat Heavy Electricals Limited (BHEL) shares fell 4% despite reporting a 119% year-on-year (YoY) increase in profit for the second quarter of FY27. The decline was attributed to profit-taking by investors, as the stock had rallied on strong results. Brokerages such as Nuvama and JM Financial maintained their 'Buy' ratings and raised target prices, citing margin expansion, improved execution, a healthy order book, and favorable thermal power prospects.