BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India
Shares of Bharat Heavy Electricals (BHEL) hit a multi-year high of Rs 204.65, as they rallied 6 per cent on the BSE in Monday’s intra-day trade on reports that the state-owned company won Rs 19,422 crore turnkey contract from the another public sector company NLC India.
The stock was trading at its highest level since October 2015. At 09:36 AM; BHEL was quoting 5 per cent higher at Rs 203.45, as compared to 0.15 per cent decline in the S&P BSE Sensex. The counter saw huge trading volumes with a combined 32.6 million equity shares changing hands on the NSE and BSE.
