BHEL Shares Surge 85% Amid Ownership Shift and Strong Earnings
BHEL shares' 85% returns, strong earnings fuel ownership churn as retail trims while FIIs, MFs raise exposure
The Economic Times
Image: The Economic Times
Bharat Heavy Electricals Limited (BHEL) has seen an 85% surge in share price over the past year, driven by strong earnings and a shift in ownership. Retail investors reduced their stake, while Foreign Institutional Investors (FIIs) and mutual funds increased their holdings significantly, reflecting growing confidence in the company's performance.
- 01BHEL shares delivered an 85% return over the past year.
- 02Retail ownership decreased by 141 basis points, while FIIs increased their stake by 100 basis points.
- 03Mutual funds raised their holdings by 530 basis points in the same period.
- 04BHEL's Q4FY26 net profit surged 156% YoY to ₹1,290.50 crore.
- 05Nuvama Institutional Equities raised its target price for BHEL shares to ₹450.
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Bharat Heavy Electricals Limited (BHEL) has experienced a remarkable 85% increase in its share price over the past year, primarily due to strong earnings and a notable shift in ownership dynamics. Retail investors reduced their holdings from 10.34% to 8.93%, while Foreign Institutional Investors (FIIs) raised their stake from 6.2% to 7.2% and mutual funds increased their ownership from 7.6% to 12.9%. BHEL's impressive performance was highlighted by a 156% year-on-year surge in consolidated net profit to ₹1,290.50 crore for the January-March quarter of FY26, along with a 37% increase in revenue from operations, reaching ₹12,310 crore. The company's EBITDA more than doubled, showcasing robust execution in the power segment. Despite strong performance, analysts advise caution as the stock enters a price-discovery phase. Nuvama Institutional Equities has maintained a 'Buy' rating, raising its target price to ₹450 from ₹353 due to expected execution-led margin expansion.
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BHEL's strong earnings and increased institutional interest may lead to more investment in the company, potentially benefiting employees and stakeholders. Retail investors should be cautious as the stock may experience volatility.
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