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Shares of state-owned Bharat Heavy Electricals Limited (BHEL or BHEL) saw a tumultuous rise on Friday. The company’s stock rose nearly 13% to Rs. 135.95. Shares of BHEL also hit a fresh 52-week high on Friday. The rise in BHEL’s stock is due to a large order from NTPC. Under this order, BHEL is to construct a 2×800 MW super critical thermal power project at Lara in Chhattisgarh. BHEL has got the status of Maharatna Company.
Shares of the company are priced at Rs. The target of 158 was achieved
Brokerage firm Antique Stock Broking (Antique) has maintained a buy rating on shares of state-owned BHEL. The brokerage house has given a revised price target of Rs 158 on the company’s stock. Antic believes that BHEL did not disclose the value of NTPC’s order, which was Rs. Should be in the range of 11000-12000 crores. The brokerage firm believes that the average order flow between FY2024-26 will be Rs. 60000 crore should be crossed.
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Shares of BHEL have gained more than 97% in 5 months
Shares of state-owned Bharat Heavy Electricals Limited (BHEL) have gained more than 97% in the last 5 months. Shares of the company were trading at Rs.68.07 on BSE on April 5, 2023. Shares of BHEL on BSE on 1 September 2023 at Rs. 135.95 has been reached. At the same time, BHEL shares have gained 126% in the last one year. Shares of the company traded on BSE on 1 September 2022 at Rs. 60.10, which on 1 September 2023 was Rs. 135.95 has been reached.
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