BHEL shares surge after reports of winning Rupees 19,422 crore NLC power project
时间:2024-06-26 09:15:53 阅读(143)
Shares of Bharat Heavy Electricals Ltd (BHEL) surged 5% on Monday morning after reports suggested that the company won the Rupees 19,422 crore Talabira Power Project.
The Hindu Business Line had on Sunday reported that the company has bagged the contract and will build three ultra supercritical units of 800 MW each for NLC India at Talabira. The coal for the plant will be sourced from captive mines of Talabira.
BHEL’s market capitalisation can be justified only under a very bullish set of assumptions, Kotak Institutional Equities said in a note. “All scenarios show that BHEL’s net income will be far lower than its current market capitalisation”.
Shares of the company were trading 5.11% higher at Rupees 203.45 apiece as of 9:35 am.
In the first half of the current fiscal, BHEL had received orders worth Rupees 33,479 crore, more than double of the Rupees 12,310 crore orders bagged during the same period last fiscal. Fructification of diversification initiatives and revival of thermal power ordering led to robust order booking, the company said.
猜你喜欢
- Analyst Corner- ‘Outperform’ rating on ICICI Lombard, target price Rs 1,400
- Adani Transmission stock jumps 2% today after securing three smart metering projects in Q1
- Prudent Corporate Advisory IPO get 57% subscription on second day
- Apple WWDC 2023- People gather to have a look at Gen-Z products! Vision Pro AR headset steals the show – See Photos
- Public float tag likely for govt’s stake in IDBI Bank
- Tata Motors, TVS, HAL, IDFC among 79 NSE stocks to hit 52-week highs; 6 touch 52-week lows
- AMC profits dip amid market turmoil, brake in new launches
- AIMTC urges Centre to relook at the proposed Hit-&-Run Cases under Bharatiya Nyaya Sanhita, 2023
- Rakesh Jhunjhunwala-backed Concord Biotech IPO opens for subscription; should you subscribe to the issue-