Bharat Heavy Electricals Limited (BHEL) will be watched out on Wednesday's trading session as the company has forayed into two countries. The company has achieved a milestone by expanding and consolidating its footprint in the international market by securing export orders from Chile and Estonia.
With maiden orders for transformer bushing from Niquel Electric Ltda., Chile and Electronic cards from SCANFIL OY Vana Sauga, Estonia, BHEL has now expanded its global footprint to 82 countries. The company has aligning its export strategy in line with global dynamics. It has secured the highest ever export orders of over Rs 10,000 crore from 23 countries in FY17.
The company is favourably placed in opportunities in Africa including a Combined Cycle Power Plant in Tanzania and a Hydro Power Plant in Zimbabwe which are nearing financial closure and BHEL expects to secure these orders soon. The company is also focussing on providing after sales support to its customer in existing overseas projects.
Stock View:
Bharat Heavy Electricals Ltd ended at Rs 134.8, down by Rs 4.1 or 2.95% from its previous closing of Rs 138.9 on the BSE.
The scrip opened at Rs 138.5 and touched a high and low of Rs 139.5 and Rs 134.2 respectively. A total of 482736(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 32993.65 crore.
The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 182.65 on 25-Apr-2017 and a 52 week low of Rs 116.15 on 27-Dec-2016. Last one week high and low of the scrip stood at Rs 145 and Rs 134.2 respectively.
The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 32.43 % and 4.51 % respectively.
The stock traded below its 200 DMA..
With maiden orders for transformer bushing from Niquel Electric Ltda., Chile and Electronic cards from SCANFIL OY Vana Sauga, Estonia, BHEL has now expanded its global footprint to 82 countries. The company has aligning its export strategy in line with global dynamics. It has secured the highest ever export orders of over Rs 10,000 crore from 23 countries in FY17.
The company is favourably placed in opportunities in Africa including a Combined Cycle Power Plant in Tanzania and a Hydro Power Plant in Zimbabwe which are nearing financial closure and BHEL expects to secure these orders soon. The company is also focussing on providing after sales support to its customer in existing overseas projects.
Stock View:
Bharat Heavy Electricals Ltd ended at Rs 134.8, down by Rs 4.1 or 2.95% from its previous closing of Rs 138.9 on the BSE.
The scrip opened at Rs 138.5 and touched a high and low of Rs 139.5 and Rs 134.2 respectively. A total of 482736(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 32993.65 crore.
The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 182.65 on 25-Apr-2017 and a 52 week low of Rs 116.15 on 27-Dec-2016. Last one week high and low of the scrip stood at Rs 145 and Rs 134.2 respectively.
The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 32.43 % and 4.51 % respectively.
The stock traded below its 200 DMA..
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