The government company got 1300 crore work, the effect will be seen in the stock on Friday! Money doubles in 1 year

Stock Market News: Public sector engineering firm BHEL has received a Rs. 13,300 crore order has been received. Shares of the company rose 0.47 percent on the BSE on Thursday at Rs. were at the level of 297.20.

Damani sold millions of shares of this giant company, the shares of the buying company soared

This work is worth 1300 crore rupees

In line with the central government’s goal of ensuring country’s energy security, DVC has awarded the contract to Bharat Heavy Electricals Limited (BHEL) for the engineering, procurement and construction (EPC) package of Koderma TPS (2x 800 MW) in Jharkhand, the Ministry of Power said in a statement. . This investment, which will also significantly impact the local economy and benefit the people, will take DVC’s installed thermal power generation capacity to 8,140 MW by 2030.

Tata group is the largest brand in the country, this group is in second and third position.

Over 200% return in 1 year

BHEL shares have seen a 254 percent gain in the last one year. At the same time, investors who have held for 6 months have received a profit of 63 percent so far. However, the shares of this government company have decreased by 2.9 percent in the last one month. During this period, the stock has seen a softening.

The company hit a 52-week high on the BSE at Rs. 322.35 and 52 week low of Rs. 84.43 per share. The market cap of the company is Rs. 1 lakh crore has been crossed. Let us tell you that the government’s participation in this company is more than 63 percent.

As of the March quarter, the total public stake in the company is over 12 percent. Foreign investors hold 8.76 percent. LIC has also invested in this company. They hold 8.2 percent stake till March 2024 quarter.

(with agency inputs)

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)

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