Bharat Heavy Electricals Ltd (NSE: BHEL): The stock of Bharat Heavy Electricals Ltd on Monday climbed 2.97 % to 274.05 rupees on the BSE following the receipt of an order worth 6,100 crore rupees from NTPC.
“Bharat Heavy Electricals Ltd has received notice of an order award for 1×800 MW of Sipat Supercritical Thermal Power Project Stage-III from NTPC Limited,” the company announced in a press release.
On Monday, 23rd September, Bharat Heavy Electricals Ltd’s share price is trading at Rs 273.10, up by Rs 6.95 (2.61%) from its opening price of Rs 274.00.
The company has a market cap of Rs 95.46 thousand Crore and a dividend yield of Rs 0.091%. In the last 52 weeks, Bharat Heavy Electricals Ltd has a high of Rs 335.35 and a low of Rs 113.50.
Bharat Heavy Electricals Ltd was charged with the engineering procurement, construction, and (EPC) tasks, as well as the supply of equipment and installation, commissioning, and civil works related to this project. The project will be completed within 48 months following the announcement of the award.
The stock has increased 117% over the past year and has seen Multibagger Gains of 365% over the past two years. Recently, the company has concluded contracts of more than 11,000 crore rupees together with Adani Power Limited and its subsidiary Mahan Energen Limited.
However, Bharat Heavy Electricals Ltd’s net loss in Q1 FY25 widened to Rs 211 crore while revenue from operations grew 9.6% to Rs 5,845 crore.
Technically the RSI of the stock is at 40.9. According to the trendline according to the trendline, an RSI lower than 30 is deemed oversold, while an RSI above 70 signifies overbought.
Furthermore, there is the MACD is currently at -9.0 which is a sign that the trend is bearish. The price is higher than its five-day, 10-day, and 200-day basic moving averages (SMA) but it is trading below the 20-day 30-day 50-day, 100-day, and 150-day simple moving averages.
Many experts believe that the shares are inexpensive and could increase further in the near time. Bharat Heavy Electricals Ltd is a major producer of equipment for power plants. It designs, engineers, manufactures, installs, tests, commissions, and manufactures various products and services.
Quick Fact
| Company name | Bharat Heavy Electricals |
|---|---|
| Stock Price | 274.05 (2.97%) |
| 52 week high | Rs 335.35 |
| 52 week low | Rs 113.50 |
| Market cap | ₹95.46 thousand crore |
| Dividend yield | 0.091% |
| Order received | ₹6,100 crore from NTPC |
| Project details | 1×800 MW Sipat Supercritical Thermal Power Project Stage-III |
| Project completion time | 48 months |
| Recent contracts | ₹11,000 crore with Adani Power and Mahan Energen |
| Q1 FY25 net loss | ₹211 crore |
| Q1 FY25 revenue | ₹5,845 crore |
| Stock increase (1 year) | 117% |
| Stock increase (2 years) | 365% |
| RSI | 40.9 |
| MACD | -9.0 |
| 5-day, 10-day, 200-day SMA | Prices higher than these SMAs |
| 20-day, 30-day, 50-day, 100-day, 150-day SMA | Price lower than these SMAs |
| Possible target price | Could increase further |
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