This stock has given 23% profit in one month.The stock has gained 33% in three months.Its price has increased by 142% in six months.
New Delhi. Shares of Bharat Heavy Electricals (BHEL shares) have been rising rapidly for the past one year. Today, as the market opened on Friday, May 3, the multi-beagger’s share rose nearly 9 percent to hit a new 52-week high of Rs 318.15. If BHEL shares continue to close with gains today, it will be the third consecutive trading session in which the shares have closed in the green. Since April 30, the company said it has entered into a strategic partnership agreement with HIMA Middle East FZE, Dubai, for the railway signaling business, sending the stock soaring.
Shares of BHEL today opened at Rs 296.90 from yesterday’s closing price of Rs 292.65. After opening at 10:15 a.m., the stock hit a new 52-week high. As of writing this news, this multi-beagger share was trading at Rs 311.60 on BSE, up 6.48%. BHEL is supplying locomotives, electrics for EMUs/MEMUs, propulsion systems, traction motors, traction alternators, traction transformers etc. to Indian Railways.
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A 258% increase in one year
BHEL shares have given investors multiple returns in a year. The share price has increased by 258% in one year. This stock has given 23% profit in one month. The stock has gained 33% in three months and 142% in six months. BHEL shares have gained 57% so far in the year 2024.
It became one lakh three lakh rupees.
If an investor who invested Rs 1 lakh in BHEL shares a year ago, today his amount has tripled. A year ago, the price of this share was Rs 86.96, which is now Rs 311. Thus, Rs 1 lakh invested a year ago has now increased to Rs 357,635.
The government’s share is 63 percent.
Government of India’s stake in BHEL is 63.2 shares. Public holding is 12.14 percent. Mutual funds hold 5.07% stake. BHEL’s revenue increased by 10.61% to ₹ 23,853.57 crore in FY 2024 compared to the previous fiscal year. The company’s annual net profit increased by 7.03% to ₹477.39 crore. This was higher than the sector average of 6.32 percent in net profit. BHEL’s debt to equity ratio is 0.2 which indicates that its assets are mainly financed by equity. BHEL shares have a price-to-earnings ratio of -909.33.
(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes liable for any damages you incur.)
Tags: money making tips, Multi bagger stock, Stock market, Stock tips
First Publication: May 3, 2024, 14:17 IST
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