BHEL shares are up by 3%, back to Rs.100 mark
BHEL shares jump 3.21% to Rs 101.15 against the BSE’s last close of Rs 98. The market cap of the company increased to Rs 35,099 crore.
Bharat Heavy Electricals Ltd, i.e. BHEL shares closed their 52-week high today after the company said it had won an order worth Rs 4,000 crore from Mahan Energen Limited, a completely owned subsidiary of Adani Power. BHEL shares lifted 3.21% to Rs 101.15 against the BSE last close of Rs 98.
Later, the scrip ended 2.91% higher at Rs 100.85 on BSE. The stock has earned 86.32% in one year and has increased 26% since the start of this year. 16.19 lakh company shares changed hands, amounting to a turnover of Rs 16.10 crore on BSE. The market cap of the company climbed to Rs 35,099 crore.
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The stock shot a 52-week high of Rs 107.10 on August 1, 2023, and a 52-week low of Rs 51.80 on August 23, 2022.
Regarding technicals, the relative strength index (RSI) of BHEL stock was at 50.1, signalling it’s trading neither in the overbought nor the oversold territory. BHEL stock has a beta of 1.1, meaning high yearly volatility. BHEL stocks are trading higher than the averages of 5-day, 20-day, 50-day, 100-day, and 200-day moving.
