BHEL shares have gained 1.42% today. Now it has reached the level of Rs 279. In the coming time, it can reach Rs 370. That means there can be a growth of about 33%. This target price has been given by domestic brokerage firm ICICI Securities. Apart from these, the target price of a total of 3 experts is Rs 330.
A total of 18 analysts have given their opinion on this. Out of these, four people have given Strong Sell, 7 have Sell and 3 have given Hold rating. Whereas, one has recommended Buy and 3 have recommended Strong Buy. At the same time, according to ET, JM Financial has advised to buy Bharat Heavy Electricals at a target price of Rs 361. The current market value of Bharat Heavy Electricals Limited is Rs 275.15.
Share price history
The stock of this PSU company has gained about 5 percent in the last 5 days. However, in the last six months it has suffered a loss of more than 6 percent. In the last six months, BHEL has jumped more than 15 percent. This year so far, it has registered a jump of more than 40 percent. In the last one year, it has given a return of 121 percent. Its 52-week high is Rs 335.35 and low is Rs 113.50.
Financial health
Bharat Heavy Electricals Limited, incorporated in the year 1964, is a Mid Cap company operating in the Engineering sector having a market cap of Rs 95478.18 Crore. For the June quarter, the company reported Consolidated Net Income of Rs 5581.78 Crore, down -33.68% from previous quarter Total Income of Rs 8416.84 Crore and up 9.08% from last year same quarter Total Income of Rs 5117.20 Crore.
Share holding pattern
Promoter/FII Holdings As of 30-Jun-2024, promoters held 63.17 per cent stake in the company, while FIIs held 9.1 per cent, DIIs held 14.9 per cent.
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own, not of . Here only stock performance information is given, it is not an investment advice. Investment in the stock market is subject to risks and consult your advisor before investing.)