BHEL Share Price: in the past one year, the shares of Bharat Heavy Electricals Company have earned immense returns to its investors. Shares of the company rose 9% to touch a new 52-week high price of Rs 318.15 on Friday. Recently BHEL Company entered into strategic partnership agreement with HIMA Middle East FZE Dubai Company for Railway Signalling business. On Friday May 3, 2024, Bhel stock closed at Rs.304.95 with a gain of 4.19 percent.
BHEL share opened at a price of Rs.292.65 in yesterday’s trading session. The stock then reached a new 52-week high price level. BHEL Company also works to supply Indian Railways with locomotives, electricals for EMU/MEMU, propulsion systems, traction motors, traction alternators, traction transformers etc. BHEL Company is involved in the business of manufacturing heavy equipment for the construction industry.
Last Year performance of BHEL Share Price
In the last one year, BHEL Company shares have earned 258% return to its investors. In the last one month, the share price of this company has increased by 23%. In the last three months, shares of state-owned BHEL have increased their investors’ money by 33 percent. In the last six months, the stocks of this company have given its investors a profit of 142 percent.
BHEL stock has increased by 57 percent in the year 2024. If you had invested Rs 1 lakh in BHEL stock a year ago, the value of your investment would have tripled to RS 357,635. A year ago, the company’s shares were trading at Rs. Now this stock has achieved the worth of Rs.311.
Government of India’s share in BHEL Company is 63.2 percent. Whereas the share of public investors is 12.14 per cent. Mutual funds hold 5.07% share capital of this company. A 10.61 percent increase has been recorded in the company’s revenue collection in the fiscal year 2023-2024 as compared to the previous financial year.
Profit of Company
The company has gathered a revenue of Rs 23,853.57 crore during this period. In FY 2023-24, BHEL Company has earned a net profit of Rs 477.39 crore with a growth of 7.03 percent. BHEL Company’s Debt-Equity Ratio is 0.2. So the price to earnings ratio of the stock is -909.33.
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