BHEL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.9%
March 2, 2021 10:01 AM

BHEL share price has zoomed 5% and is presently trading at Rs 51.

Meanwhile, the BSE CAPITAL GOODS Index is at 22,055 (up 0.9%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are BHEL (up 5.3%) and NBCC (INDIA) (up 8.4%).

CARBORUNDUM UNIVERSAL and AIA ENGINEERING (down 0.7%) are among the top losers today.

Over the last one year, BHEL has moved up from Rs 33 to Rs 51, registering a gain of Rs 18 (up 54.6%).

On the other hand, the BSE CAPITAL GOODS has moved up from 15,921 to 22,055, registering a gain of 6,134 points (up 38.4%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were LAKSHMI MACHINE (up 98.7%), NBCC (INDIA) (up 88.0%) and GRAPHITE INDIA (up 88.0%).

What About the Benchmark Indices?

The BSE Sensex is at 50,359 (up 0.7%).

The top gainers among the BSE Sensex stocks today are NTPC (up 3.4%), INFOSYS (up 2.1%) and TECH MAHINDRA (up 2.0%). Other gainers include M&M (up 1.9%) and BAJAJ FINANCE (up 1.9%). The most traded stocks in the BSE Sensex are NTPC and ITC.

In the meantime, NSE Nifty is at 14,907 (up 0.9%). The top gainers in the NSE Nifty include BPCL (up 5.5%), NTPC (up 3.2%) and IOC (up 3.0%). Other gainers include WIPRO (up 2.6%) and INFOSYS (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 39,889 to 50,359, registering a gain of 10,470 points (up 25.91%).

BHEL Financial Update...

BHEL net profit down at Rs 2 billion for the quarter ended December 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 21.6% to Rs 44.5 billion during the period as against Rs 56.8 billion in October-December 2019.

For the year ended March 2020, BHEL reported 225.8% decrease in net profit to Rs 14.9 billion compared to net profit of Rs 11.9 billion during FY19.

Revenue of the company grew 29.4% to Rs 215 billion during FY20.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at down 5.6x.