Analysts turned bullish on BHEL after the PSU major made an ‘out-of-the-box’ thinking.
Just when global majors are looking to diversify their supply chains, BHEL has floated expressions of interest to woo international companies to set up manufacturing in India.
The stock has been under heavy pressure, due to power sectors and general negative sentiment towards PSU stocks. The Navratna PSU stock had hit a 52-week low of ₹19.20 on March 25. On Tuesday, it closed at ₹22.85, down 2.77 per cent. The stocks 52-week high is ₹75.5’.
Under its new chairman, BHEL seeks partnerships for: a) maintaining 16,400 acres of land bank in integrated facilities, centrally located in major cities, industrial clusters and demand centres. BHEL is considering proposals to utilise land for manufacturing facilities,
