Heavy borrowing cost on BHEL signals aggressive shorts

The high costs charged for lending and borrowing on Bharat Heavy Electricals indicate shorts are building up, analysts say. The average lending fee on BHEL in the NSE was at Rs 2.54 a share on Thursday, which on an annualised basis works out to 21.05 per cent yield for the lender, NSE data shows. Yogesh Radke, head of quantitative research at Edelweiss Securities Ltd, said interest on BHEL under the securities lending and bor...