BHEL Shares Rebound 3% After Crash, UBS Buy Call Lifts Stock
Автор: Stock Market
Загружено: 2026-01-08
Просмотров: 24
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📈 BHEL shares bounced back over 3% in early trade on Friday, a day after a sharp sell-off sparked by policy-related concerns.
⚡ The rebound comes as UBS initiated a ‘Buy’ call on Bharat Heavy Electricals Ltd with a target price of ₹375, implying over 35% upside from recent levels.
🏗️ Key triggers behind the recovery:
₹5,400-crore coal gasification order from BCGCL
First commercial deployment of BHEL’s PFBG technology
Strong order momentum & better execution visibility
📉 On Thursday, BHEL had fallen nearly 9% intraday after reports suggested India may ease curbs on Chinese firms bidding for government contracts, dragging capital-goods stocks lower.
📊 Despite recent volatility, BHEL is still up ~28% in one year, outperforming the Nifty 50’s ~10% gain.
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