Defence PSU Stock To Buy: Brokerage Prabhudas Lilladher has selected BHEL stock as its top pick to buy during the trading session of December 12. The Maharatna PSU stock has witnessed a strong buying trend in the past 1 month, rising by more than 10% on BSE. Year-to-date, BHEL stock is up by Rs 28%. Trading below the Rs 260 price level, BHEL stock has the potential to record 5% gains this week.
BHEL Share Price:
After the trading hours of December 11th, BHEL stock ended at Rs 253.80 apiece, up by 2.13% on BSE, with a market cap of Rs 88,374.77 crore. The stock's 52-week high and low are Rs 335.40 apiece and Rs 166 apiece, respectively. Its price-to-equity ratio is very high at 429.55x, and its return on equity is 0.84%.
BHEL Penalty:
On December 10th, BHEL received an order from Maharashtra Sales Tax Authorities. This order is appealable and the company will assess to exercise its right to appeal.
As per the filing, the Company has received the CST Appeal Order for FY 2009-10 in which demand of Rs. 30.59 Lakhs (Tax amounting to Rs. 14.31 lakhs, Penalty of Rs. 3.58 Lakhs & Interest of Rs. 12.70 Lakhs) has been raised for disallowance due to non-submission of concessional forms.
BHEL said, "There is no material impact on the company's financials, operations, or other activities. This order is Appealable, and an assessment will be made to exercise our right to appeal."
BHEL Stock Recommendation:
Shiju Koothupalakkal, a Technical Analyst at Prabhudas Lilladher, recommended BUY on BHEL during the December 12th trading session. The analyst recommends a target price of Rs 267 with a stop loss of Rs 247 apiece. This signals a 5.2% potential jump in BHEL on an intraday or short-term basis.
As per Trendlyne data, the consensus recommendation from 16 analysts for Bharat Heavy Electricals Ltd. is HOLD. EPS is expected to grow by 328.0% in FY25.
BHEL Corporate Actions:
The Maharatna company holds a strong record of bonus issues, stock splits and dividends.
Dividend: The company has delivered up to 38 dividends since Aug. 27, 2001, as per Trendlyne data. In the last 12 months, the dividend payout was to the tune of Rs 0.25 per share. It has a dividend yield of 0.11%.
Bonus Issues: BHEL has rewarded its investors with two bonus issues. The first was of 1:1 bonus ratio in June 2007, followed by a bonus issue of a 1:2 ratio in September 2017.
Stock Split: BHEL stock has split only once and that was in October 2011. The stock's face value was cut from Rs 10 to Rs 2, and hence a stock split ratio of 1:5.
About BHEL:
BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. Established in 1964, BHEL is a leading power equipment manufacturer globally and one of the earliest and leading contributors towards building an Aatmanirbhar Bharat.
BHEL plays a crucial role in the strategic sectors of the nation, being the sole Indian supplier for many technology intensive products and systems. BHEL is the only manufacturer of nuclear steam turbines in the country; the only company associated with all three stages of India's Nuclear Power programme; a major supplier of critical equipment and services in defence & aerospace sector for over three decades; and a trusted supplier of naval guns to Indian navy for their warships
Click it and Unblock the Notifications
Sign in with Google