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Rakesh Madhav CFA

19th Nov · SEBI-Registered Analyst

⚙️ BHEL – Powering Momentum Beyond Expectations!

CMP: ₹289.1 | Change: +1.26% | Sector: Power & Engineering Technical View:

BHEL
continues its strong momentum, advancing for six consecutive sessions. The stock trades well above its short-term EMA (₹275) with RSI near 76, indicating strong bullish sentiment but slightly overbought conditions. Sustaining above ₹285 can open the next leg toward ₹300–₹310; support sits at ₹272. Fundamental View: BHEL’s latest rally is backed by record Q2FY26 order inflows (~₹25,000 crore) and margin expansion to 7.8%. The company’s order book now exceeds ₹1.2 lakh crore, ensuring long-term revenue visibility. Strategic focus on renewables, nuclear, and defence diversification is driving optimism. Operational discipline and higher execution rates have improved profitability outlook. Analyst Rating: Brokerages remain Positive, expecting steady order flow and margin recovery. Target: ₹310 (≈7% upside) | Stop-loss: ₹272.

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