Bhel shares jump 12% on thermal plant order buzz
Mumbai: Shares of Bharat Heavy Electricals (Bhel) rose 12.4% on Monday, the biggest single-day gain since May 2021, on news the company is likely to get an order worth ₹17,000 crore to construct a thermal plant. Analysts said the momentum in the stock is bullish but advise investors against buying afresh at current levels.
Bhel, however, told stock exchanges after trading hours on Monday that the company “as of now” has not received this order from NTPC.
