Stock below Rs 100: This PSU company receives order worth Rs 300 crore!

Kiran Shroff
/ Categories: Trending, Mindshare
Stock below Rs 100: This PSU company receives order worth Rs 300 crore!

The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.

Today, shares of Bharat Heavy Electricals Ltd (BHEL) surged 0.68 per cent to Rs 81.35 per share. This S&P BSE 500 stock has a 52-week high of Rs 91.45 and a 52-week low of Rs 41.40.  

BHEL informed the exchange that it has won an order worth Rs 300 crore for the renovation & modernisation (R&M) of the 200 MW Unit-3 and the 210 MW Unit-5 of steam turbines at Ukai Thermal Power Station (TPS) in Gujarat. The company is also the original equipment manufacturer (OEM) of these turbine sets which have been successfully operating for around 40 years, before being taken up for R&M.  

Bharat Heavy Electricals Ltd (BHEL) is an integrated power plant equipment manufacturer that designs, engineers, manufactures, erects, tests, commissions and services a wide range of products and services for the core sectors of the economy.  

Talking about the financials, BHEL has a market cap of Rs 28,135.07 crore. The company reported positive results in its quarterly and annual consolidated financial statements. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.  

In the last six months, the stock returned 51.21 per cent and in the last one year, it returned 42 per cent. Investors should keep an eye on this stock.  

Rate this article:
4.0

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

DSIJ MINDSHARE

Mkt Commentary31-Mar, 2023

Mindshare1-Apr, 2023

Mindshare31-Mar, 2023

Mindshare31-Mar, 2023

Mindshare31-Mar, 2023

Knowledge

General31-Mar, 2023

General25-Mar, 2023

General17-Mar, 2023

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION