This PSU stock rises over 3% amid securing an order from GSECL

New Delhi: With a Rs 7,500 crore order gain from the Gujarat State Electricity Corporation, State-run BHEL's share climbed over 3% on Friday. The largest intraday rise since March 4, 2025, BHEL's shares climbed as far as 3.45% during the day to Rs 231.6 per share. Later on, the stock maintained gains to trade 2.6% higher at Rs 211.9 per share.

While the benchmark Nifty 50 has dropped 1.7%, the company's shares extended increases to their fifth day; their decline this year is 7.66%. Since low of Rs 176 earlier this month, the stock has surged by 20%.

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Based on BSE figures, the counter presently trades at the highest level since February 5 this year with a total market value of Rs 73,906.7 crore.

According to the exchange filing on Friday, BHEL said that is received a Letter of Intent (LOI) for ean ngineering, procurement, and construction package for 1x800 megawatts (Mw) Ukai Extn Unit No. 7 in the Tapi District in Gujarat.

The nature of work will include the supply of equipment including boiler, turbine, generator and associated auxiliaries along with erection, commissioning and civil works.

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For the December quarter, the company achieved over twofold increase in consolidated net profit of Rs 134.70 crore mostly on the result of increased sales.

In the quarter concluded December 31, 2023, the company has recorded a profit of Rs 60.31 crore. From Rs 5,599.63 crore a year ago, total income climbed to Rs 7,385 crore in the quarter.

Shares of the company are trading higher by 3.01% at Rs 212.75.

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