PSU Stock Under 300: Rs 13k cr order - BUY or SELL?

psu stock under 300: rs 13k cr order - buy or sell?

psu stock under 300: bhel bags order worth rs 13k cr - buy or sell?

BHEL Share Price Target 2024: State-owned engineering firm BHEL has bagged the Rs 13,300 crore order to set up a 1600 MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corporation (DVC).

In accordance with the central government's goal of ensuring the country's energy security, the DVC has finalised the tender for the engineering, procurement, and construction (EPC) package of Koderma TPS (2X800MW) in Jharkhand with Bharat Heavy Electricals Ltd (BHEL) for Rs 13,300 crore on June 26, 2024, according to a power ministry statement.

With this investment, which would also have a substantial impact on the local economy and benefit people, the installed thermal generation capacity of DVC would go up to 8140 MW by 2030.

BHEL Share Price Today

Shares of state owned company BHEL, have perform negative on bourses. On Thursday, June 27, Maharatna PSU shares traded flat. The stock price of the PSU opened at Rs 296. The stock ranged from an intraday high of Rs 300.65 to a low of Rs 291.90. The shares of the company closed at Rs 297.20, down by 0.47 percent from the previous level of Rs 295.80 per share.

BHEL Share Price Target

Kotak Institutional Equities has issued a SELL rating to BHEL shares. The firm cited the CMP of Rs 296 in their report dated June 27, 2024, and set the fair value of Rs 75 for the company.

BHEL Share Price History

BHEL is a component of S&P BSE 200. According to BSE analytics (as of June 27), shares of BHEL fell by more than 1.30 per cent in the last 1 week. On a YTD basis, shares of the company gained by 49.84 per cent. Shares of the PSU stock gained by 63.30 per cent in last 6 months or 180 days. In the past 1 year, 2 years, 3 years, 5 years and 10 years, shares of the company up by 252.51 per cent, 546.79 per cent, 355.48 per cent, 297.59 per cent, and 81.94 per cent, respectively.

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