๐ BHEL Share Price Soars by 3% on 2nd January 2024:
The public sector company, Bharat Heavy Electricals Limited (BHEL), closed at INR 202.05 with a 3% surge on 2nd January 2024. It reached a 52-week high of INR 204.95 during the trading session.
๐ฐ Impressive Profits for BHEL Shareholders:
BHEL’s shares witnessed a significant increase in profit on Thursday, 3rd January 2024, closing at INR 194.40 with a 3.76% decline. However, on Friday, 4th January 2024, the shares rebounded by 0.54% and were trading at INR 195.
๐ Positive Ratings and Target Price for BHEL Shares:
Numerous brokerage firms have given a buy rating to BHEL shares and recommended investing with a target price of INR 230. Experts believe that BHEL shares have the potential to rise by 14% from the current market price.
๐ญ BHEL to Fulfill NLC India’s Mega Talabira Project:
BHEL will complete NLC India’s mega Talabira project, consisting of three units of 800 MW each. If NLC’s order is completed before March 2024, BHEL’s order book size is expected to exceed INR 60,000 crores in the financial year 2024-25.
๐ผ BHEL’s Order Book to Reach INR 1.8 Lakh Crore:
Recently, NLC India Limited awarded BHEL an order worth INR 19,400 crores. It is anticipated that BHEL’s order book size may reach INR 1.8 lakh crores by 2024-26. This substantial growth is expected due to the potential order from the Vande Bharat Trainset project.
๐ BHEL’s Strong Presence in the Railway Segment:
With the possibility of securing the Vande Bharat Trainset order, BHEL’s presence in the railway segment is expected to strengthen. Being a government-owned company, BHEL had a 63.17% stake held by the Indian government as of June 2023.
๐น Impressive Returns for BHEL Shareholders:
BHEL shares have delivered a remarkable return of 16% to its shareholders in the past month. Over the past six months, the share price has increased by 128%, and in the last year, it has witnessed a staggering surge of 151%.
Exciting times lie ahead for BHEL and its investors as the company continues to secure significant orders and witness impressive growth in the market. Stay tuned for more updates on BHEL’s share price and developments in the company’s projects. ๐๐๐
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
