475% return in 2 years: This PSU stock in focus - Here's why

BHEL Share Price NSE, BSE: Shares of Bharat Heavy Electricals Limited (BHEL) opened flat as benchmark equity indices declined in early trade on Wednesday, continuing to fall for the fourth day running. The counter opened at Rs 291.20 today but gained momentum to touch the day's high of Rs 295.45 - up by 1.45 per cent from the previous close on the BSE. The counter of BHEL, which has a market cap of Rs 1,02,163.74, has a 52-week high of Rs 322.35 and a 52-week low of Rs 80.84. 

BHEL Share Price History

According to BSE Analytics, the counter has gained 475 per cent in two years. It has given a positive return of 254 per cent in one year and 309 per cent in three years. The srcip has already gained over 48 per cent so far this year.

BHEL signs tech transfer pact with Bhabha Atomic Research Centre

BHEL is an Indian central public sector undertaking (PSU) and is the largest power project exporter from India. The PSU has announced that it has signed a technology transfer agreement with Bhabha Atomic Research Centre (BARC) for a 50 kW alkaline electrolyser system. 

The 50 kW alkaline electrolyser system will be used for hydrogen production, BHEL said in a statement.

The agreement was signed by K. Ravishankar, Executive Director (Corporate Technology Management and Corp R&D), BHEL and Dr. S. Adhikari, Associate Director (Knowledge Management Group), BARC.

With PTI inputs

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