Why BHEL shares gained 7% today— Explained
1 year, 4 months ago

Why BHEL shares gained 7% today— Explained

Live Mint  

BHEL Share Price Today: Shares of Bharat Heavy Electricals gained seven per cent on Monday, November 13, after the company announced its July-September quarter results for fiscal 2023-24 last week, reporting a net loss of ₹238 crore, compared to a net profit of ₹12.10 crore in the corresponding period last year. The state-owned engineering firm's revenue from operations in the second quarter of current fiscal stood at ₹5,125.3 crore, registering a drop of 1.5 per cent, compared to ₹5,202.6 crore in the year-ago period. On Monday, shares of BHEL opened at ₹129 and gained 6.97 per cent to hit an intra day high of ₹138 apiece, against a 52-week high of ₹148.95 during the session. Domestic equity benchmarks Nifty 50 and Sensex closed lower on Monday amid mixed global cues as elevated US treasury yields and the dollar dented the risk appetite of investors.

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History of this topic

Defence stocks are rising again. Is BHEL a good buy after recent order wins?
6 days, 12 hours ago

Defence stocks are rising again. Is BHEL a good buy after recent order wins?

India Today  

Defence stocks have been on the rise after a long period of slowdown. Since defence stocks are gaining momentum, brokerage firm Antique Broking said it wouldn’t be a bad idea to add the stock at its current valuation. "We believe that the defence space will meaningfully add to BHEL’s order book over the next few years," Antique Stock Broking said. …

Govt weighs ‘strategic’ PSU tag for BHEL
2 months, 1 week ago

Govt weighs ‘strategic’ PSU tag for BHEL

Live Mint  

NEW DELHI : State-run Bharat Heavy Electricals Ltd may no longer be a potential divestment target as the government considers categorizing the maker of rail coaches to power generation equipment as a “strategic" public sector unit, according to two people close to the development. “Now that a parliamentary committee has also recommended the tag of strategic PSU for the company, …

BHEL share price today jumps nearly 9% to hit a 52-week high. Here's why
10 months, 3 weeks ago

BHEL share price today jumps nearly 9% to hit a 52-week high. Here's why

Hindustan Times  

BHEL share price: Shares of Bharat Heavy Electricals rose as much as 9 per cent to hit their fresh 52-week high today. It then jumped 8.7 per cent to hit its fresh 52-week high of ₹318.15 and traded 6.80 per cent higher at ₹312.55 apiece at around 10.15am. BHEL share price has gained since April 30 when the company announced …

BHEL share price rises 2% after Adani Power order: What's happening?
1 year ago

BHEL share price rises 2% after Adani Power order: What's happening?

Hindustan Times  

BHEL share price today: Share price of Bharat Heavy Electricals Limited rose 2 per cent today after the company received a ₹4,000-crore order from Adani Power. The company said in its release, “We have received an order from Adani Power for setting up the 2x800 MW Raigarh Phase-II thermal power plant at Raigarh, Chhattisgarh.” BHEL share price rises 2% after …

BHEL stock gains nearly 4% after Ministry of Defence signs naval contract worth ₹2,956 crore
1 year, 4 months ago

BHEL stock gains nearly 4% after Ministry of Defence signs naval contract worth ₹2,956 crore

Live Mint  

Shares of Bharat Heavy Electricals, a leading engineering and manufacturing company in the energy and infrastructure sectors, gained sharply in Wednesday's trade on multiple positive developments. The Ministry of Defence on Tuesday signed a contract with the company for the procurement of 16 upgraded Super Rapid Gun Mount along with associated equipment and accessories for the Indian Navy under the …

Are BHEL investors overlooking concerns?
1 year, 4 months ago

Are BHEL investors overlooking concerns?

Live Mint  

MUMBAI : The Bharat Heavy Electricals Ltd stock has zoomed 77% so far in 2023. But in the case of BHEL, a robust order inflow outlook mainly for its thermal power segment, is fuelling optimism among investors. As of September end, BHEL’s working capital ballooned to ₹4,382 crore from ₹1,210 crore at March end. 3x800MW NTPC Patratu have back-ended payment …

BHEL Q1 results: Consolidated net loss widens by 83% YoY to ₹343.9 crore
1 year, 7 months ago

BHEL Q1 results: Consolidated net loss widens by 83% YoY to ₹343.9 crore

Live Mint  

BHEL Q1 results: Bharat Heavy Electricals Limited reported a consolidated net loss of ₹343.9 crore in the June quarter against ₹188 crore in June quarter FY23. The company's revenue rose by 7.1% to ₹5,003.4 crore in Q1FY24 against ₹4,672 crore in Q1FY23. The company revenue rose by 7% to ₹5,003.4 crore in Q1FY24. Further division of the company revenue shows …

BHEL Q3 Earnings: Net profit grew by 56%, revenue lags marginally in Q3
2 years, 1 month ago

BHEL Q3 Earnings: Net profit grew by 56%, revenue lags marginally in Q3

Live Mint  

Bharat Heavy Electricals Limited is a Maharatna CPSE having a market cap of ₹26,237.35 Cr. The company has declared its Q3 earnings today and Bharat Heavy Electricals' consolidated net profit increased by 56.48% year on year to ₹42.28 crore in Q3 FY23 from ₹27.02 crore in Q3 FY22. The consolidated EPS of BHEL reached ₹0.12 in Q3FY23 against ₹0.08 in …

Is there any shine in BHEL outlook?
2 years, 4 months ago

Is there any shine in BHEL outlook?

Live Mint  

Investors in state-run Bharat Heavy Electricals Ltd had to digest yet another poor quarterly earnings report. Amid the gloom, the much-awaited Talcher thermal power plant order awarded by NTPC Ltd offered some comfort as it gave BHEL’s order inflow a boost in Q2. The analysts also said that the 2X660 MW Talcher order win should start reflecting in revenues in …

Centre Likely to Sell Stakes in BHEL and Two Others
4 years, 1 month ago

Centre Likely to Sell Stakes in BHEL and Two Others

News 18  

The central government is likely to consider Bharat Heavy Electricals Ltd, Mecon Ltd and Andrew Yule and Co. Ltd for the next round of disinvestment. The main agenda behind the stake sales in the three companies is to raise funds via asset sales for the next fiscal and overcome the tepid progress made so far this year. Reports on the …

BHEL Reports Rs 552 Crore Consolidated Loss in September Quarter on Lower Revenues
4 years, 4 months ago

BHEL Reports Rs 552 Crore Consolidated Loss in September Quarter on Lower Revenues

News 18  

State-owned engineering firm BHEL on Friday reported a consolidated net loss of Rs 552.38 crore in the September quarter, mainly due to lower revenues. The company had a consolidated net profit of Rs 120.95 crore in the quarter ended on September 30, 2019, according to a BSE filing. Total income declined to Rs 3,793.13 crore in the latest September quarter …

BHEL Loss Widens to Rs 893.14 crore in June Quarter, Lockdown Hits Operations
4 years, 6 months ago

BHEL Loss Widens to Rs 893.14 crore in June Quarter, Lockdown Hits Operations

News 18  

New Delhi: State-run engineering firm BHEL’s consolidated net loss widened to Rs 893.14 crore for the quarter ended June as coronavirus-induced lockdown had an adverse impact on its operations. The consolidated net loss of the company was at Rs 218.93 crore in the quarter ended June 30, 2019, Bharat Heavy Electricals Limited said in a regulatory filing. According to the …

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%
5 years, 5 months ago

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%

Firstpost  

New Delhi: PSU stocks were in huge demand on Friday and zoomed up to 22 percent, led by BHEL, in-tandem with a bullish broader market trend. On the BSE, shares of BHEL jumped 22.22 percent, Hindustan Copper climbed 19.66 percent, MMTC 17.36 percent, Shipping Corporation of India 9.31 percent and National Aluminium Company 8.42 percent. Also, SAIL advanced 7.90 percent, …

BHEL Q1 net profit nearly doubles to over Rs155 crore
6 years, 8 months ago

BHEL Q1 net profit nearly doubles to over Rs155 crore

Live Mint  

New Delhi: Power equipment maker BHEL on Wednesday posted about 93% jump in standalone net profit to Rs155.58 crore in the first quarter of current fiscal on higher revenues. Its net profit was Rs80.82 crore in the April-June quarter of last fiscal, 2017-18, the company said in BSE filing. “Concerted efforts resulted in order book to increase by two-and-a-half times …

BHEL pays 79% dividend for 2016-17, highest in 3 years
7 years, 5 months ago

BHEL pays 79% dividend for 2016-17, highest in 3 years

India TV News  

State-owned power equipment maker Bharat Heavy Electricals Ltd has paid a final equity dividend of 39 per cent for 2016-17. With this, the total dividend paid during the year stands at 79 per cent, including an interim one of 40 per cent paid earlier, BHEL said in a statement today. A cheque of Rs 120.39 crore towards the final dividend …

Failure of Maharatna BHEL: CAG charts co's journey from Rs 19 cr/day profit to Rs 2.5 cr loss
7 years, 7 months ago

Failure of Maharatna BHEL: CAG charts co's journey from Rs 19 cr/day profit to Rs 2.5 cr loss

Firstpost  

Market valuation of BHEL declined from Rs 97,940.71 cr at the beginning of April 2011 to Rs 37,533.95 cr, representing a drop of 61.68 percent New Delhi: BHEL, one of the crown jewels in the public sector enterprises universe, turned loss making for the first time since inception in 2015-16. He goes on to say that “Chinese companies are far …

BHEL Q1 Net Nosedives 82% to Rs 34 crore; Stock Falls 6%
9 years, 7 months ago

BHEL Q1 Net Nosedives 82% to Rs 34 crore; Stock Falls 6%

The Quint  

State-run power equipment maker Bharat Heavy Electricals Ltd reported a 82.48 per cent plunge in standalone net profit at Rs 33.89 crore for the quarter ended June 30, due to lower sales. The PSU firm had reported a net profit of Rs 193.50 crore in the corresponding quarter of the previous fiscal, BHEL said in a regulatory filing. BHEL’s revenue …

BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr
10 years ago

BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr

The Quint  

The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. Official sources said the Disinvestment Department has completed overseas roadshows for BHEL stake sale in London, Singapore and Hong Kong. At the current market price of Rs …

BHEL annual profit slides to Rs 3,228 crore
10 years, 11 months ago

BHEL annual profit slides to Rs 3,228 crore

India TV News  

New Delhi: Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year on account of low volumes and challenges in the domestic power sector. The power equipment major had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday.The state-owned major's turnover declined to Rs 40,366 crore from …

BHEL annual profit slumps to Rs 3,228 crore
10 years, 11 months ago

BHEL annual profit slumps to Rs 3,228 crore

India TV News  

New Delhi: Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year as the company grappled with tough business conditions. The state-owned company had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday.The power equipment maker's turnover declined to Rs 40,366 crore from Rs 50,156 crore in …

BHEL net profit down 8 %
11 years, 11 months ago

BHEL net profit down 8 %

The Hindu  

Bharat Heavy Electricals Limited, on Monday, announced an 8 per cent decline in its net profit at Rs.6,485 crore during 2012-13 and an outstanding payment of Rs.40,000 crore from its customers. BHEL had reported a net profit of Rs.7,040 crore in the 2011-12 fiscal. Announcing this at a press conference here, BHEL Chairman and Managing Director B. P. Rao said …

Why Bhel is trading near its 52-week low of Rs 222
12 years, 11 months ago

Why Bhel is trading near its 52-week low of Rs 222

Firstpost  

The Rajasthan government has scrapped tenders worth Rs 12,000 crore that were bagged by Bharat Heavy Electricals more than a year ago for two separate thermal power projects in the state The Rajasthan government has scrapped tenders worth Rs 12,000 crore that were bagged by Bharat Heavy Electricals more than a year ago for two separate thermal power projects in …

BHEL's Tiruchirappalli unit expects Rs 17,251 cr revenue in FY13
12 years, 11 months ago

BHEL's Tiruchirappalli unit expects Rs 17,251 cr revenue in FY13

Firstpost  

In 2011-12, the unit achieved an all-time high turnover of Rs 14,600 crore and contributed almost one-third of the total BHEL corporate’s revenue of Rs 49,301 crore. Tiruchirappalli: The unit of Bharat Heavy Electricals here, engaged in the production of power plant equipment, is eyeing a turnover of Rs 17,251 crore this fiscal, a company official said. Talking to reporters …

Why you should sell your BHEL shares, now
13 years, 2 months ago

Why you should sell your BHEL shares, now

Firstpost  

Bhel will announce Q3 numbers on Friday and you must get rid of your shares before that happens. For the current financial year ending March 2012, BHEL had offered a guidance of orders worth Rs 6,60,000 crore. Given that L&T has reported a whopping 54 percent fall in orders for the same period and issued no guidance for the next …

Bhel orders dry up due to policy paralysis
13 years, 6 months ago

Bhel orders dry up due to policy paralysis

Live Mint  

New Delhi: The uncertainty over land acquisition and policies, and the poor health of state-owned electricity distribution utilities has resulted in orders drying up for India’s largest power equipment maker— Bharat Heavy Electricals Ltd. The state-owned firm, which has been planning a follow-on public offer of shares, didn’t receive any orders from power firms in the first quarter against orders …

BHEL turnover exceeds Rs. 28,000 crore in 2008-09
16 years, 6 months ago

BHEL turnover exceeds Rs. 28,000 crore in 2008-09

The Hindu  

Keeping pace with the competitive world and bucking the global recessionary trend, Bharat Heavy Electricals Limited on Thursday announced the posting of an all-time high turnover of Rs. While exports as a whole have taken a beating in the country, BHEL’s exports increased by a steep 41 per cent to Rs. 690 crore on research and development programmes in 2008-09, …

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