Defense Stock BHEL, Outperforms with 3.17% Gain, orderbook stood at Rs 1,60,429 crore

Defense stock BHEL showed a positive trend, gaining 3.17% and outperforming the sector by 2.42%. As per analysts, the stock call for BHEL is 'Sell', indicating that investors may want to consider selling their shares.

The stock is currently trading lower than its moving averages and has seen a decline over the past month.

Investors should conduct thorough research and consult with a financial advisor before making any investment decisions. The company's stock gained 3.17%, outperforming the sector by 2.42%.

On November 19, BHEL's stock touched an intraday high of Rs 230.25, showing a 3.51% increase from the previous day's closing price. However, the stock is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

 

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BHEL reported a net profit of Rs 96.67 crore, compared to a loss of Rs 58.3 crore in the same quarter the previous year. The company's total income was Rs 6,584.10 crore, operating profit was Rs 214.91 crore, and operating margin was 3.26%. As of September 30, 2024, Bharat Heavy Electricals Limited's (BHEL) order book was Rs 1,60,429 crore.

The order book is broken down as follows:

Power sector: 78.5%, Industry sector: 19.1%, Exports: 2.3% 

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