BHEL Share Price | Big news came, this PSU share will gallop, will touch the level of ₹ 370 – Hindi News
BHEL Share Price | Shares of public sector Bharat Heavy Electricals Limited registered a rise on Tuesday. The share has now touched the level of Rs 279. The share is likely to reach Rs 370 in the coming days. That means it may increase by 33 percent. The target price has been given by domestic brokerage firm ICICI Securities. Apart from this, the target price of 3 experts is Rs 330. (Bharat Heavy Electricals Limited Excerpt)
A total of 18 analysts have their views on Bharat Heavy Electricals Limited shares. Of these, four have given strong sell, seven have given sell and three have given hold rating. Therefore, one recommended a buy and three recommended a strong buy. At the same time, JM Financial has advised to buy Bharat Heavy Electricals Limited at a target price of Rs 361. The current market price of Bharat Heavy Electricals Limited is Rs 275.15. On Thursday (September 26, 2024), the stock was trading at Rs 280, down 0.66%. Shares of the government company have increased by 5% in the last five days. However, shares have fallen 6% over the past six months. Shares of Bharat Heavy Electricals Limited have risen more than 15 percent in the last six months. So far this year, it's up more than 40 percent. In the last one year, the stock has given 121% returns. Stock worth Rs. 52-week high of Rs 335.35 and Rs. There is a low of 113.50. Bharat Heavy Electricals Limited is a mid-cap company operating in the engineering sector with a market cap of Rs 95,478.18 crore, established in 1964. The company's consolidated net income in the June quarter stood at Rs 5,581.78 crore. Revenue is down -33.68 percent from Total Income of Rs 8,416.84 crore in the previous quarter and up 9.08 percent from Total Income of Rs 5,117.20 crore in the same quarter last year. As of June 30, 2024, promoters' stake in the company stood at 63.17 percent. The stake of foreign investors was 9.1 percent and the stake of domestic investors was 14.9 percent.
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