BHEL and Hitachi Energy shares surge up to 10%; here's why

BHEL Shares, Hitachi Share Price Target, PFC Stock Today: As two prominent companies, Bharat Heavy Electricals Ltd (BHEL) and Hitachi Energy India collaborated and got a deal for the Khavda Nagpur HVDC (high voltage direct current transmission) project from Power Grid Corporation, shares of these three companies rose up to almost 10 per cent from the previous close, a piece on the BSE website.

On November 26, 2024, state-owned, BHEL surged as much as 2.5 per cent to an intraday high of Rs 247.50 in the early session, according to the exchange, while Hitachi Energy India gained 9.83 per cent to Rs 12,812. The PFC stock also rose 2.23 to an intraday high of Rs 492.10.

PFC has handover the project order on behalf of its Project SPV (special purpose vehicle) company to the companies and will be provided 800kV, 6,000 MW high voltage direct current (HVDC) terminal stations at Khavda pooling stations & Nagpur (HVDC) for evacuation of renewable power from Khavda region in Gujarat to Nagpur in Maharashtra by 2029.

What should investors do, here's what market wizard Anil Singhvi says:

Zee Business Managing Editor Anil Singhvi recommends buying the Hitachi Energy India stock for a target of Rs 12,000, 12,150 & Rs 12,300 with a stop loss at Rs 11,700.