Skip to main content

BHEL share price skyrockets 36% in two days, gains 52% from March lows

In less than two months, BHEL share price has rallied 52.6 per cent from its 52-week low level. BHEL stock is still 61 per cent off from its 52-week high of Rs 75.50 hit in June last year.
BHEL share price surged as high as 10 per cent to Rs 29.30 apiece on BSE in an otherwise Thursday’s weak trade. In less than two months, BHEL share price has rallied 52.6 per cent from its 52-week low level. Last month,  Ltd (BHEL) invited expression of interest (EOI) from foreign companies to use its currently idle factories, in an attempt to encourage PM's Make In India program. However, BHEL stock is still 61 per cent off from its 52-week high of Rs 75.50 hit in June last year. In yesterday’s trade, BHEL shares soared over 23 per cent to close at Rs 26.65 (as compared to Rs 21.55 as of Tuesday closed
Around 2.15 PM, BHEL share price was trading at Rs 27.75 apiece, up 4.13 per cent. Foreign research and brokerage firm CLSA has given a ‘buy’ rating to the stock. “BHEL could emerge as an engineering R&D services provider, a contract manufacturer, or a lessor of urban-area industrial land,” CLSA said. “This could be a test case of a central public sector enterprise monetizing its assets to unlock value vs government divestment. Success should determine the extent of stock relating to its asset value,” it added.

Comments

Post a Comment

Popular posts from this blog

STOCK CHART PATTERNS

  Stock chart patterns   are simply a visual representation of the prices buyers and sellers bought and sold at in the past. There is no magic in a chart pattern they just show you what happened in the past and what has a higher probability of happening in the future. The best use of chart patterns is to take a wider view of the trend on your time frame of choice and follow the path of least resistance.  A chart pattern can show that a stock is in a range with defined resistance and support. A chart could also show an uptrend of higher highs and higher lows or a downtrend of lower highs and lower lows. Stock chart patterns signal whether a stock is under accumulation or distribution or just trading in a defined price range.  The most popular use of stock chart patterns is for breakout trading signals as the probability increases of a move in a specific direction after a price breakout of a previous support or resistance. They are basically momentum indicators. The va...
Post a Comment
Read more

FLOAT IN STOCK MARKET

  Float in a stock is the number of shares of a company that is currently trading publicly on the exchange and is available for traders and investors to buy and sell. The stock float is calculated by taking a company’s total issue of outstanding shares and subtracting any restricted stock. Pre IPO investors, employees and founders can’t sell their restricted shares because they can be in a lock-up period for a time following the IPO usually between 90-180 days. Executives and insiders many times can also be restricted from selling shares around earnings announcement dates.  This occurs when an insider could have knowledge of information not public yet where the sale of shares could be considered insider trading in a legal sense. A company’s float is an important metric to show the liquidity of shares for a company. It can show the supply of shares on the open market and give a clearer view of supply and demand. Share float is the shares traded on the stock exchanges and price ...
Post a Comment
Read more

Golden Cross Stock Trading Strategy

  he Golden Cross stock trading strategy is an example of a simple long term trend following system. This is one of the most popular and famous bullish moving average crossover signals that is watched and talked about on financial media when they occur on major indexes. The second most popular being the loss of the 200-day moving average on a stock market index like the S&P 500 or the Dow Jones Industrial Average. The Golden Cross happens on a stock chart when the 50-day simple moving average crosses over the 200-day simple moving average and stays above until the end of the day. This signal has you go long when the 50-day simple moving average closes above the 200-day simple moving average and takes you back to cash when the 50-day SMA closes back under the 200-day SMA which is signaling the Death Cross. The inverse of the bullish Golden Cross is the bearish Death Cross which is a signal to exit long positions or a short selling signal. This trading strategy is best compared t...
Post a Comment
Read more