This stock has given 23 percent return in one month.This stock has increased by 33 percent in three months.Its price has jumped 142% in six months.
New Delhi. For the last one year, the shares of Bharat Heavy Electricals (BHEL Shares) have been rising rapidly. Today, on Friday, May 3, as soon as the market opened, this multibagger share jumped by about 9 percent and made a new 52-week high of Rs 318.15. If BHEL shares close with gains even today, it will be the third consecutive trading session in which the shares will close in the green. The stock has been on a rise since April 30 after the company informed that it has entered into a strategic partnership agreement with HIMA Middle East FZE, Dubai for the railway signaling business.
Today BHEL shares opened at Rs 296.90 with a rise compared to yesterday’s closing price of Rs 292.65. After opening at 10:15 am, the stock touched its new 52-week high. Till the time of writing this news, this multibagger share was trading at Rs 311.60 with a rise of 6.48 percent on BSE. BHEL has been supplying electrics, propulsion systems, traction motors, traction alternators, traction transformers etc. for locomotives, EMUs/MEMUs to Indian Railways.
Also read- Share of liquor manufacturing company is booming, doubled in last month itself, 12 consecutive upper circuits
258 percent increase in a year
BHEL shares have given multibagger returns to investors in a year. The price of this share has increased by 258 percent in one year. This stock has given 23 percent return in one month. This stock has increased by 33 percent in three months and the price of this stock has increased by 142 percent in six months. BHEL shares have jumped 57 percent so far in the year 2024.
One lakh became three lakh rupees
If an investor had invested Rs 1 lakh in BHEL shares a year ago, today his money has tripled. A year ago the price of this share was Rs 86.96, which has now become Rs 311. In this way, the Rs 1 lakh invested a year ago has now increased to Rs 357,635.
Government share is 63 percent
Government of India’s stake in BHEL is 63.2 shares. Public holding is 12.14 percent. Mutual funds have 5.07 percent stake. There was a jump of 10.61 percent in the revenue of BHEL in the financial year 2024 as compared to the previous financial year and it increased to ₹ 23,853.57 crore. The company’s annual net profit increased by 7.03% to ₹477.39 crore. This was higher than the sector average net profit growth of 6.32%. The debt-equity ratio of BHEL is 0.2 which indicates that its assets are financed mainly through equity. The price to earnings ratio of BHEL share is -909.33.
(Disclaimer: The information given here is based on the performance of the shares. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi is responsible for any loss you may incur. Will not done.)
Tag: business news in hindi, tips to earn money, multibagger stock, Share Market, stock tips
first published : May 3, 2024, 2:17 pm IST
