The stock's rise contrasts with a 0.80% advance in the NSE Nifty 50, and it has seen an overall increase of 253.25% over the past 12 months. Despite this, the average 12-month analysts' price target suggests a potential downside of 32.7%. Of the 19 analysts tracking the company, five maintain a 'buy' rating, three recommend a 'hold' and 11 suggest 'sell'.
Key takeaways:
- Bharat Heavy Electricals Ltd.'s stock has risen nearly 16% in a six-session rally after the company received a Rs 4,000-crore order from Adani Power Ltd.
- The order involves setting up the 2x800 MW Phase-II Thermal Power Plant at Raigarh, Chhattisgarh.
- Shares of the company rose as much as 4.36% during the day to the highest level since March 12, before paring gains to trade 1.8% higher at 10:06 a.m.
- Of the 19 analysts tracking the company, five maintain a 'buy' rating, three recommend a 'hold' and 11 suggest 'sell', according to Bloomberg data.