BHEL Share Price | Shares of state-owned Bharat Heavy Electricals Limited are performing strongly. Shares of the company rose 4.14 percent to touch a 52-week high of Rs 119.45 in Wednesday’s trading session. The stock is trading in the green today as well. Today, Thursday, August 31, 2023, shares of Bharat Heavy Electricals Ltd. are trading at Rs 119.65 with an increase of 0.80 percent.
Reason for stock growth
According to stock market experts, Bharat Heavy Electricals Limited Company has been awarded an order worth Rs 4,000 crore by a unit of Adani Power Company. After this news came, the shares of Bharat Heavy Electricals Limited Company have risen. According to experts, “Bharat Heavy Electricals Limited Company received an order worth Rs 4,000 crore from Adani Power Limited Company, and stock market investors decided to take advantage of this positive news, hence the stock witnessed heavy buying.” According to experts, the shares of this company may touch the price of Rs 120 in the next few days.
Share performance
Mahan Energy Limited, a subsidiary of Adani Power Company, has placed the order with Bharat Heavy Electricals Limited, a state-owned company. Shares of Bharat Heavy Electricals Co. rose 3.49 percent to close at Rs 118.65 in Wednesday’s trading session.
In the last 1 year, the shares of this company have given its investors a profit of 103.23 percent. On a YTD basis, the stock of this company has earned a return of 49.06 percent to its investors. Bharat Heavy Electricals Ltd.’s 52-week low price was Rs.54.75. And the total market capitalization of the company is Rs 41,314.68 crore.
Important: Investing in mutual funds and stock market is based on risks. Be sure to consult your financial advisor before investing in the stock market. AkhandIndia.com shall not be liable for any financial loss.
