BDL is up 29 per cent in the past one month. Mazagon Dock has gained 23 per cent, MRPL 23 per cent, NLC India 18 per cent, JSW Energy 19 per cent, HPCL 17 per cent and Cochin Shipyard 10 per cent.
BHEL has capabilities in several areas like guns for naval ships, systems, and power equipment, including steam and gas turbines for ships; armored vehicles; missile systems and systems for aerospace.
An analyst from Arihant Capital Markets has suggested his views on select largercap stocks including Suzlon Energy, YES Bank and Bharat Heavy Electricals (BHEL).
BHEL share price: After the order win, BHEL shares climbed 3.48 per cent to hit a day high of Rs 213.65. Last checked, the stock was up 2.81 per cent at Rs 212.25. At this price, it has shed 8.98 per cent on a year-to-date (YTD) basis.
BHEL share price: Both technical and fundamental analysts continue to remain positive on shares of Bharat Heavy Electricals and see up to 14 per cent upside in the stock.
BHEL shares: Bharat Heavy Electricals jumped nearly 2 per cent to hit Rs 200.50 mark on Monday, with a total market capitalization scaling above Rs 70,000 crore.
Adani Green Energy Ltd, Suzlon Energy Ltd, Bharat Heavy Electricals Ltd (BHEL), Adani Energy Solutions Ltd, Inox Wind Ltd and Trent Ltd are among stocks seeing steep fall in valuation multiples.
BHEL shares: The scrip traded lower than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). Its 14-day relative strength index (RSI) came at 35.27.
An analyst from Anand Rathi said that BHEL formed a bullish engulfing pattern near a support level, accompanied by RSI bullish divergence, signaling a potential trend reversal.
BHEL shares slipped 1.70% to Rs 199.45 on Tuesday against the previous close of Rs 202.90 on BSE. Market cap of the power equipment maker slipped to Rs 69,449 crore.
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