BHEL hits 21-month high on heavy volumes; stock zooms 59% in 8 days
Shares of Bharat Heavy Electricals Limited (BHEL) surged 14 per cent to Rs 75.15, hitting a 21-month high on the BSE in an otherwise weak market on Tuesday, on the back of heavy volumes. Till 03:05 pm, a combined 513 million equity shares, representing 15 per cent of total equity of BHEL, had changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.69 per cent at 49,161.
The stock of the state-owned heavy electrical equipment company was trading at its highest level since July 2019. In the past eight trading days, the stock has rallied 59 per cent from level of Rs 47.20 hit on April 29.
