Bharat Heavy Electricals Ltd (BHEL)

BHEL Stock Falls Despite Bullish Investor Sentiment - 06 May, 2024

Shares of Bharat Heavy Electricals Ltd (BHEL) fell 8% to Rs 281.05 on May 6, 2024, despite trading higher than the moving averages and being in the overbought zone with an RSI of 81.3.

BHEL Stock Hits Fresh Highs on Strategic Partnership Agreement - 03 May, 2024

Bharat Heavy Electricals Ltd (BHEL) shares hit their highest level since March 2012, rallying 13% in two days after announcing a strategic partnership agreement for railway signalling business with HIMA Middle East FZE, Dubai. Brokerage Nuvama expects AMFI to include BHEL in largecap category.

BHEL Stock Jumps on Strategic Partnership Agreement - 02 May, 2024

Shares of Bharat Heavy Electricals Ltd. (BHEL) surged by as much as 7% after the company announced its strategic partnership agreement with HIMA Middle East FZE, Dubai for railway signalling business. The deal is expected to enhance BHEL's product portfolio in various domains and cater to Indian Railways' requirements. With a healthy order book of around Rs 1.09 trillion, BHEL is focusing on non-coal business orders such as railways, defence, nuclear, emission control, transmission, and rural electrification segments.

BHEL Forms Strategic Partnership for Railway Signalling Business - 01 May, 2024

Bharat Heavy Electricals Ltd (BHEL) has entered into a strategic partnership agreement with HIMA Middle East FZE to enhance its offerings to Indian Railways in the railway signalling business. BHEL's shares are trading up by 1.53% at Rs 281.15.

BHEL Gains on Railway Signalling Pact and Potential Largecap Inclusion - 30 Apr, 2024

Bharat Heavy Electricals Ltd (BHEL) gained on news of a strategic partnership agreement with HIMA Middle East FZE for railway signalling business, as well as the possibility of being included in the largecap category by AMFI in June. The company has also reported strong order inflows.

BHEL Stock Hits 52-Week High, Rises 254% in a Year - 29 Apr, 2024

Shares of Bharat Heavy Electricals Ltd (BHEL) hit their 52-week high at Rs 283.40 on BSE today, rising 254% in a year and gaining 427% in two years. Despite Kotak Securities' Sell rating with a fair value target of Rs 70, Antique Stock Broking revised upward its share price target while maintaining its buy rating on the stock, expecting BHEL's order book to rise to an all-time high of Rs 2 lakh crore and earnings to grow exponentially over the next three years.

BHEL Board Approves New CFO Appointment - 26 Apr, 2024

Bharat Heavy Electricals Ltd's board has approved the appointment of Koppu Sadashiv Murthy as CFO. The stock has been on a bullish trend since June 2022, with a potential target price of Rs 326 and stop-loss at Rs 249.

Bharat Heavy Electricals Ltd sees increase in FII/FPI holding and revenue growth - 24 Apr, 2024

Foreign institutional investors increased their stake in Bharat Heavy Electricals Limited by 1.72% in Q4FY24, taking their total holding to 8.76%. The company's revenue from operations also grew by 4.57% during the same period. However, profits declined from Rs. 42 Crores to a loss of Rs. 149 Crores.

Bharat Heavy Electricals Ltd Receives Mixed Signals - 19 Apr, 2024

While FII/FPI increased their stake in the company, Kotak Institutional Equities gave a Sell rating with a fair value target of Rs 70, implying a 72% potential downside. The company's Q3FY24 revenue grew by 4.57%, but profits fell from Rs. 42 Crores to a loss of Rs. 149 Crores.

Bharat Heavy Electricals Ltd's P/S ratio higher than industry average - 15 Apr, 2024

BHEL has a P/S ratio of 3.8x, higher than the industry average of 3.2x due to expected future revenue growth of 26% each year for the next three years. Investors are willing to pay more for the stock.

Bharat Heavy Electricals Ltd's Q3FY24 Revenue Grows by 4.57% - 14 Apr, 2024

Bharat Heavy Electricals Limited (BHEL) reported a revenue growth of 4.57% in Q3FY24, with profits declining from Rs. 42 Crores to a loss of Rs. 149 Crores. FII/FPI increased their stake in BHEL from 7.04% to 8.76%.

Union Cabinet Approves Joint Venture Projects for Coal Gasification - 11 Apr, 2024

The Union Cabinet has approved two joint venture projects for coal gasification between Coal India and GAIL, and Coal India and BHEL. The scheme aims to promote coal/lignite gasification projects by state-run and private-sector companies with an outlay of Rs 8,500 crore. Both projects are expected to be operationalized by 2028-29.