π Why BHEL Closed below 10%
BHEL shares fell sharply (even hitting lower circuit) because a media/Reuters report suggested the Indian government may remove restrictions that currently stop Chinese companies from bidding on government contracts. That triggered fears of increased competition for domestic capital-goods firms like BHEL, ABB, L&T, etc., leading to heavy selling pressure in the stock today. π In simple terms: Investors reacted negatively to the report about policy changes. That reduced confidence in future order share for Indian PSU players like BHEL. Result β sharp stock price drop today.
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