BHEL Shares Surge 35% to 21-Month High Amid Strong FY26 Performance
BHEL surges 35% in 8 days, hits 21-month high; brokerages remain upbeat
Business Standard
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Bharat Heavy Electricals (BHEL) shares reached a 21-month high of ₹330.65, rising 35% in eight days following strong financial results for FY26. Analysts remain optimistic, citing robust order inflows and a solid execution pipeline as key growth drivers for the company.
- 01BHEL shares surged 35% over eight days, reaching ₹330.65.
- 02The company reported an 18% YoY increase in turnover for FY26, totaling ₹32,350 crore.
- 03BHEL's order book expanded to ₹2.4 trillion, providing strong revenue visibility.
- 04Analysts project continued growth in the thermal capacity sector, with a target of 97 GW by FY35.
- 05Brokerages have set target prices of ₹343 and ₹345 for BHEL shares.
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Shares of Bharat Heavy Electricals (BHEL) surged 35% over the past eight days, hitting a 21-month high of ₹330.65 on the Bombay Stock Exchange (BSE). This increase follows the company's strong financial performance for the fiscal year 2025-26 (FY26), where it reported an 18% year-on-year growth in turnover, reaching ₹32,350 crore. BHEL secured ₹75,000 crore in orders, primarily from the power sector, leading to an order book expansion to ₹2.4 trillion. Analysts highlight that the company is transitioning from an order-led cycle to an execution-led growth phase, with a robust execution pipeline expected to sustain revenue visibility for the next several years. Brokerages like ICICI Securities and JM Financial Institutional Securities have set target prices of ₹343 and ₹345, respectively, emphasizing BHEL's potential for continued growth amid government initiatives to increase thermal capacity by 97 GW by FY35. The government has also facilitated BHEL's import of critical materials to enhance margins and execution capabilities, positioning the company as a key player in the growing high-voltage direct current (HVDC) transmission market.
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BHEL's growth and strong order book may lead to job creation and increased investment in infrastructure projects, benefiting local economies.
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