BHEL

🔹 Business Performance

🔹 Business Performance BHEL has shown a strong turnaround in profitability, with recent quarterly profits rising sharply compared to last year. Revenue growth is being supported by better execution of legacy orders and fresh inflows. Margins are gradually improving as high-cost older projects get completed. 🔹 Order Book & Growth Drivers The company continues to maintain a robust order book, largely driven by: Thermal power projects Railway electrification and locomotive components Industrial equipment demand Increasing government focus on power capacity expansion is a major tailwind. 🔹 Strategic Developments BHEL is actively participating in joint ventures in energy and infrastructure, including projects linked to coal and railways. It is also expanding into new-age opportunities like defence, railways, and renewable-related equipment. 🔹 Government & Policy Impact The Government of India has undertaken a stake sale (OFS) in BHEL, which: Improved liquidity in the stock Attracted strong investor participation Policy relaxations in sourcing equipment may help reduce execution delays and costs. 🔹 Institutional & Market Activity The stock has seen renewed interest from institutional investors, including foreign players. PSU stocks, including BHEL, are benefiting from the broader capital expenditure (capex) cycle theme in India. 🔹 Stock Trend & Technical View BHEL has delivered strong returns over the past year, reflecting improving fundamentals. In the short term: Stock is volatile with profit booking at higher levels Key resistance seen around higher price zones Overall trend remains positive but not linear.