BHEL Share is trading at its multi-year high of 265 per Share and made a high of 275.85 per share.BHEL has almost doubled within a span of 1year, it has tripled within a span of 5years.
BHEL being a PSU and largest power generation equipment manufacturer, has decreased in profitability in last 5years. BHEL is troubling to get in profitability from last 2 years. with a Market cap of 92k crores and with a Face Value of 2/- has a book value of RS 75/-.
SHOULD INVESTOR HOLD OR SELL?
As Per Latest DEC 2023 Data, Government holds around 63% stake, while Mutual Funds have gradually increased the stake from 15% to 17%.
Technically, Bhel can move up to 375 per share, if an investor can hold he can wait up to 375-400 level. If an investor wants to enter at these levels, it will be risky as it is trading at Multi-year high. Fresh Position in BHEL can be taken around 200-220 levels.
As PSU’S are trading in multi-year or all-time high, it would be easy for BHEL to reach at 375-400 Levels.
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DISCLAIMER-:
Please contact your financial advisor before taking any Financial Decisions.