Stock on radar -

BHEL

Stock on radar -

BHEL hits 10% lower circuit yesterday as report says India may ease curbs on Chinese firms bidding for govt contracts. However, the final comments or order is yet to come. The sharp decline was witnessed after a Reuters report that the finance ministry plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts as New Delhi seeks to revive commercial ties in an environment of eased diplomatic and border tensions. BHEL builds, commissions, and supplies equipment for numerous thermal power plants across India, including large supercritical projects (800 MW+), playing a key role in India's energy security by manufacturing turbines, generators, and boilers for state-owned entities like NTPC and private players like Adani Power. Meanwhile, Siemens shares fell over 4% as China's CRRC is also competitor to them in Railway contracts, which could be now allowed to participate in Rail contracts if recommendations of committee are approved as the article suggests All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24