BHEL Q1 Results: Shares drop over 3% ahead of earnings announcement
The stock opened at ₹249.50 and soon dropped to an intraday low of ₹239.50, compared to the previous close of ₹248.25. It touched a high of ₹249.60 during the session. As of 10:24 AM, the shares were trading 2.89% lower at Rs 241.08.
Despite the intraday fall, BHEL remains well above its 52-week low of ₹176.00, though it continues to trade below its 52-week high of ₹305.80. The recent dip in stock price reflects market nervousness as traders await key financial numbers from the company.
In the meantime, on June 27, BHEL has bagged a major ₹6,500 crore order from Adani Power for supplying and supervising equipment for six 800 MW thermal power units. The contract includes Steam Turbine Generator sets and related services. This domestic order further strengthens BHEL's presence in India's power equipment sector.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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