BHEL rallies 12% to hit 52-week high post extension of GT deal with GE Tech

Shares of Bharat Heavy Electricals Limited (BHEL) rallied 12.5 per cent to hit 52-week high of Rs 92.7 per share in Wednesday’s intra-day trade after the company extended its gas turbine (GT) technology agreement with General Electric (GE) Technology GmbH Switzerland. In comparison, the S&P BSE Sensex quoted 65,389 levels, down 89-odd points, as of 2:20 pm.

So far this calendar year 2023 (CY23), shares of BHEL soared over 17 per cent, as against 7 per cent rise in the S&P BSE Sensex. Moreover, the stock has rallied over 100 per cent in the past one year.