BHEL share price target by Anil Singhvi - Check stop loss and other details

BHEL Share Price Target: Zee Business Managing Editor Anil Singhvi has picked Bharat Heavy Electricals (BHEL) as the 'Stock of the Day' today i.e. on January 15, 2025. According to Singhvi, shares of BHEL - India's largest engineering and manufacturing enterprise - have huge potential as the PSU has a very strong order book.

BHEL Share Price Target

Singhvi said the Rs 15,000 crore order from state-owned NLC India will be a game changer for the BHEL. The contract is to set up a 2,400 MW thermal power project at Jharsuguda district in Odisha.

"One should buy BHEL for three small targets of Rs 200, Rs 204 and Rs 210. Also, one should buy it for a big target of Rs 220," he said.

"I am bullish on this share ever since it was at Rs 144. It has a strong order book and will increase 50 per cent from here," Singhvi added.

BHEL Share Price Target: Check Stop Loss

Anil Singhvi said that one should keep the stop loss of Rs 194.

Stock of The Day

आज #AnilSinghvi ने दी BHEL में खरीदारी की राय?

क्या है स्टॉपलॉस और टार्गेट्स? देखिए इस वीडियो में...@AnilSinghvi_ #Stockoftheday #StockMarket pic.twitter.com/vARfrFnDKH

— Zee Business (@ZeeBusiness) January 15, 2024

BHEL share price performance

The share of BHEL has surged over 65 per cent in the last one year. It has given a multibagger return of 187.79 per cent in the last three years. 

The counter had closed at Rs 196.40 in the last trading session.

BHEL in News

BHEL is news as it will set up a greenfield thermal power plant of 2,400 MW capacity in Odisha's Jharsuguda district. 

NLC India Limited, a Navaratna company under the Ministry of Coal, has awarded the EPC (engineering, procurement, and construction) contract to BHEL to set the 2,400 MW capacity (3x800 MW-stage I) after inviting competitive tenders, it said.

The first unit of the project is scheduled for commissioning in the financial year 2028-29.