BHEL Slides Sharply as Policy Uncertainty Triggers Heavy PSU Sell-Off

witnessed a sharp second-half sell-off today, plunging as much as 13.85% intraday before settling around a 10.4% loss. The decline was triggered by a China-linked policy headline that unsettled sentiment across PSU and capital goods stocks. A Reuters-based report indicated the government may consider easing restrictions on Chinese firms bidding for Indian government contracts. Markets interpreted this as a potential rise in competitive pressure, especially in power and heavy electrical segments where BHEL has significant exposure. This policy-related uncertainty directly impacted expectations around future order inflows and pricing power. As a result, BHEL underperformed both the broader market and its sector peers. While capital goods stocks remained weak overall, BHEL saw disproportionate damage due to its PSU status and perceived vulnerability to Chinese competition in government-backed projects. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.