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Rakesh Madhav CFA

11th Nov · SEBI-Registered Analyst

⚙️ BHEL – Powering Up the Breakout! CMP: ₹285.8 (+4.5%) | Sector: Industrial Manufacturing / Power Infra

Technical View:

BHEL
hit a fresh multi-month high with strong momentum, breaking above ₹280 resistance. The stochastic indicator remains in bullish territory (K: 88), confirming strength in trend. Volume expansion signals institutional buying interest. Support sits at ₹265–₹270, resistance at ₹295–₹300. Fundamental View: Strong Q2FY26 earnings and robust order inflows (~₹25,000 crore) from power and defence sectors have fueled optimism. The company’s order book now exceeds ₹1.2 lakh crore. Its transition focus on renewable and nuclear energy segments, along with better execution discipline, enhances long-term outlook. Margins are improving on operational efficiency and higher capacity utilization. Analyst Rating: Consensus view is BUY, backed by order visibility and margin expansion potential. Target: ₹310 (≈8% upside) | Stop-loss: ₹270.

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