Shares of Bharat Heavy Electricals (BHEL) hit a 12-year high of Rs 300.20 a piece, as they rallied 7 per cent on the BSE in Thursday’s intra-day trade after the company on Tuesday announced that it has entered into a strategic partnership with HIMA Middle East FZE, Dubai for railway signalling business.
The stock is trading at its highest level since March 2012. It had hit a record high of Rs 390 on November 7, 2007. The market price of BHEL has recovered 45 per cent from March month low of Rs 207.20. At 11:06 am; the stock was trading 3 per cent higher at Rs 290.60, as compared to 0.34 per cent rise in the S&P BSE Sensex.
