BHEL shares hit 52-week high after rising over 13%

Bharat Heavy Electricals Limited (BHEL) shares increased over 13 percent on Monday to strike a 52-week high of Rs 269.35 each.

At 12:26 pm, BHEL shares were up 12.97 percent at Rs 266.90 each. It might be kept in mind that BHEL shares have actually been on a winning run, up over 17 percent in the previous 5 trading sessions and almost 13.5 percent in a month.

The shares of the business have actually acquired 34.5 percent in a year-to-date (YTD) basis and over 92 percent in the previous 6 months.

There are numerous factors at play behind the continuous rise in BHEL’ s share cost.

Among the factors is the NTPC s approval for a financial investment of over Rs 17,195 crore towards the 3rd stage of the Singrauli Super Thermal Power Project. BHEL was the only bidder for the building of the Singrauli plant.

Furthermore, the business’ s shares have actually likewise gotten this year after it divulged that NLC India had actually granted it the Talabira Thermal Power job worth Rs 15,000 crore.

At the minute, out of 19 experts tracking the stock, 5 have a ‘ purchase ranking, while 3 have ‘ hold . A bulk of them continue to have a ‘ offer score on the stock.