Bharat Heavy Electricals Ltd (BHEL) today bagged yet another order and shares will remain in limelight on February 10, 2025. Last trading price of BHEL share on Bombay Stock Exchange (BSE) stood at Rs 202.85 per share with intraday fall of 0.95% as on February 7, 2025. The scrip witnessed decline of 2.55% in last 1-week and rallied 170.29% in last 2-years. The company’s market capitalisation stood at Rs 70,633.66 crore. It offers a return on equity (ROE) at 2.01%. Meanwhile, the Maharatna PSU is backed by LIC with 6.72% stake. Check more details below:
Bharat Heavy Electricals Ltd Wins Order
The company informed via its BSE filing, “Bharat Heavy Electricals Limited (BHEL) has received an LOI from Rajasthan Part I Power Transmission Limited (SPV under M/s Adani Energy Solutions Limited) for BF800 HVDC Project.”
The exchange filing added, “Letter of Intent is received from Rajasthan Part I Power Transmission Limited, by the Consortium of Bharat Heavy Electricals Limited (BHEL) and Hitachi Energy India Limited (HEIL) to design and execute the High Voltage Direct Current (HVDC) link along with associated AC substations to transmit renewable energy from Bhadla III (Rajasthan) and Fatehpur (Uttar Pradesh) and shall be subject to the Contract to be executed at a later date.”
The nature of the contract includes establishment of 2 Nos. HVDC LCC terminal station of 6000 MW at Bhadla (Rajasthan) and Fatehpur (UP), + 800 kV HVDC LCC terminal station (4X1500 MW) from Bhadla III and Fatehpur along with associated AC substations. The order needs to be completed by 2030.
Earlier, the company on February 8 received approximately Rs 8000 crore order from Maharashtra State Power Generation Company Limited (MAHAGENCO). The company received the letter of award (LoA) from MAHAGENCO for 2×660 MW BTG package of Koradi Thermal Power Station.
BHEL Shares Performance
The 52-week high price of BHEL stock on BSE is Rs 335.40 per share (as on 09/07/2024) and 52-week low price is Rs 185.20 per share (as on 29/01/2025), respectively. BHEL shares gained 1.32% in last 2-weeks, slipped 33.40% in last 6-months, and slipped 12.36% in last 1-year. In last 2-years, the PSU stock zoomed 251.86% and jumped 409.67%.
BHEL Shares Slip 39.52% From 52-Week Low
The stock slipped 39.52% from 52-week high price of Rs 335.40 per share if the last trading price of 202.85 is taken into consideration. The other factor that led to decline in BHEL shares was due to disappointing defence budget allocation of Rs 4.92 lakh crore that was below the investors’ expectations. Several stocks operating in defence sector declined as they were hit by investors dismay following announcements made in the just concluded Union Budget on February 1, 2025.
Should You Buy BHEL Shares?
Morgan Stanley issued overweight call on BHEL with target price of Rs 352 per share. Meanwhile, brokerage firm CLSA has reduce call on the PSU and slashed the target price to Rs 166 per share from Rs 205 per share. Out of a total of 17 analysts tracking the stock, 7 assigned buy, 8 recommended buy, and 2 suggested hold.
BHEL Bonus Share History
It recommended a total of 2 bonuses since May 31, 2007. The company’s last bonus was declared in the ration of 1:2 with ex-bonus date fixed as September 28, 2017, according to Trendlyne.
BHEL Dividend History
The PSU declared a total of 38 dividends since August 27, 2001. In last 1-year, it recommended an equity dividend amounting to Re 0.25 per share.
BHEL Stock Split History
The PSU split/sub-divided its face value once since October 3, 2011. It last split the face value of its shares from Rs 10 to Rs 2 in 2011 and traded ex-split on October 3, 2011.
About
BHEL came into existence in 1964. Government of India granted the MAHARATNA status to the large sector PSU.
Disclaimer
The stock has been picked from the brokerage report of Morgan Stanley and CLSA. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
Recommended: BHEL Bags Rs 8000 Cr Order, Shares Slip 39.52% From 52-Week High
Leave a Reply