Home Energy News Power News Bharat Heavy Electricals (BHEL) gains heavy surge of 2.1 per cent

    Bharat Heavy Electricals (BHEL) gains heavy surge of 2.1 per cent

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    Bharat Heavy Electricals
    Bharat Heavy Electricals Limited (BHEL), PSU-Recruitment 2016

    Shares of Bharat Heavy Electricals (BHEL) gained as much as 2.1 per cent to its highest level since July 8 after Citigroup upgraded the stock to “buy” from “sell” and raised price target to Rs 335 from Rs 176.

    Citigroup said BHEL is now the top industrial pick from India citing better orders, earnings, underperformance, and under ownership by institutional investors as key reasons for the stock upgrade.

    BHEL has gained 48.7 per cent year-to-date.Meanwhile, BHEL’s scrip was trading 2.65 points (or 1.03 per cent) up at 260.25 a piece on the Bombay Stock Exchange at 11:08 am.

    News source : http://www.businesstoday.in/markets/company-stock/bhel-bharat-heavy-electricals-shares-nov-25-citigroup-upgrade/story/212663.html

    Image source : https://www.google.co.in/search?q=Bharat+Heavy+Electricals+(BHEL)&client=firefox-b-ab&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjvr_CMv_LTAhVLr48KHS5UD4sQ_AUIDCgD&biw=1366&bih=659#imgrc=n6g70UIW134wEM:

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