Heavy Industrial Equipment stock, BHEL shares on 34% down trail, 0.11% annual dividend yield, Check here
On Wednesday, the stock of BHEL fell by 1.25%, closing at Rs 222.05 compared to the previous close of Rs 224.85 on the BSE. A total of 477,000 shares of the company were traded, resulting in a turnover of Rs 10.54 crore.
Heavy Industrial Equipment stock, BHEL shares on 34 down trail, 0.11 annual dividend yield, Check here
Multi-bagger stock, Bharat Heavy Electrical Limited under the Ministry of Heavy Industries is a must-watch stock to add to in bucket list. As of September 30, 2024, Bharat Heavy Electricals Limited's (BHEL) order book was Rs 1,60,429 crore.
On Wednesday, the stock of BHEL fell by 1.25%, closing at Rs 222.05 compared to the previous close of Rs 224.85 on the BSE. A total of 477,000 shares of the company were traded, resulting in a turnover of Rs 10.54 crore.
The multi-bagger stock is neither in the overbought nor in the oversold zone, as indicated by its relative strength index (RSI), which stands at 39.6. BHEL shares are currently trading below the 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day moving averages.
Despite this, the stock has increased by 145% from its 52-week low of Rs 113.50, which was recorded on October 26, 2023. Over the past year, the PSU stock has risen by 13%, and it has gained 171% over the last two years.
Recently, BHEL also commissioned two units of a hydroelectric project in Bhutan.
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According to the exchange filing made on Wednesday, Bharat Heavy Electricals said that it has successfully commissioned two units of the 6*170 MW Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan. The said project was executed under a bilateral agreement between the Government of India and the Royal Government of Bhutan. PHEP-II is a greenfield hydroelectric project located in the Wangdue district of Western Bhutan.
Bharat Heavy Electricals Limited is an Indian central public sector undertaking and the largest government-owned electrical/ industrial technology company. It is owned by the Government of India, with administrative control by the Ministry of Heavy Industries.
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