BHEL stock has risen 55% this year and gained 84% in six months. It has risen 614% in five years and gained 250% in three years.
BHEL shares ended 4% lower at Rs 414 on BSE in the previous session. Market cap of the firm stood at Rs 1.44 lakh crore.
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BHEL shares jumped 63 per cent in the past six months compared with a 13 per cent drop in NTPC during the same period, data compiled from Bloomberg suggests.
The foreign brokerage picked five stocks namely Siemens Energy Ltd, Hitachi Energy, Hindustan Aeronautics Ltd (HAL), KEI Industries Ltd and Larsen & Toubro Ltd, suggesting 25-51 per cent potential upside.
An analyst from Mirae Asset Sharekhan said that Waaree Energies has formed a base following a 'lower top, lower bottom' pattern on the daily timeframe.
Nuvama also said Larsen & Toubro Ltd (L&T) looked attractive for long-term growth after the resolution of the West Asia crisis. It remained positive on Siemens Energy and CG Power within the HV T&D space.
Elara said the draft regulations could support the planned SMR ambitions of NTPC Ltd, Tata Power Company Ltd, and Adani Power.
An analyst from Anand Rathi said that Vedanta continues to trade below its 21-day EMA, indicating that the short-term trend remains weak despite signs of stabilization near recent lows.
BHEL shares remain in focus after Q1 results. Brokerages are sharply divided, with bullish targets implying 40% upside and bearish calls warning of a 63% downside.
Master Capital Services said that BHEL has registered a decisive all time high breakout after consolidating within a symmetrical triangle, signalling a continuation of its primary uptrend.
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