Bharat Heavy Electricals Share Price Today on 22-11-2024: At 22 Nov 12:49 today, Bharat Heavy Electricals shares are trading at price ₹234.4, 2.83% up from the previous closing price. Sensex is trading at ₹78166.75, up by 1.31%. The stock has hit a high of ₹234.6 and a low of ₹226.85 during the day.
On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at 50,100,300 days SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹232.08, ₹236.22, & ₹243.2, whereas it has key support levels at ₹220.96, ₹213.98, & ₹209.84.
Till 12 AM today, the volume traded on NSE & BSE for Bharat Heavy Electricals was 47.78% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 1.16% & ROA of 0.49% respectively.The current P/E of the stock is at 340.21 & P/B is at 3.28.
The median 1-year forecasted upside in this share is at 2.30% with a target price of ₹229.00.
The company has a 0.00% promoter holding, 5.82% MF holding, & 9.48% FII holding as per filings in the september quarter.
The MF holding has increased from 5.36% in june to 5.82% in the september quarter.
The FII holding has increased from 9.10% in june to 9.48% in the september quarter.
Bharat Heavy Electricals share price up 2.83% today to trade at ₹234.4 while its peers are mixed. Its peers such as Voltas are falling today, but its peers Suzlon Energy, Thermax, Blue Star are on the rise. Overall, benchmark indices Nifty & Sensex are up 1.3% & 1.31% each respectively.
