BHEL share price today: The PSU stock also touched its 52-week high for the sixth straight session today , signaling strong investor interest in the multibagger stock.
The strategic alliance with HIMA will enhance BHEL s product portfolio in the domains of locomotives, electrical systems, propulsion mechanisms, traction motors, alternators, transformers, and more, thereby catering to the requirements of Indian Railways, said Prabhudas Lilladher.
Multibagger stock: BHEL shares gained 2.87% to a high of Rs 284.75 against the previous close of Rs 276.80 on BSE. Market cap of the power equipment maker climbed to Rs 97,236 crore.
Shares of multibagger Bharat Heavy Electricals Ltd (BHEL) hit their 52 week high in early deals on Friday. With today’s rally, the PSU stock has risen 254% in a year and gained 427% in two years. The multibagger stock, which closed at Rs 53.8 on April 28, 2022 climbed to a 52 week high of Rs 283.40 on BSE today. It is trading in the overbought zone, signals relative strength index (RSI) of BHEL stock which stands at 72.8. Investors and traders are bullish on the stock as BHEL shares are trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages.