Bharat Heavy Electricals share are down by -1.61%, Nifty down by -0.1%

At 05 Sep 11:10 today, Bharat Heavy Electricals shares are trading at price ₹274.25, -1.61% down from the previous closing price. Sensex is trading at ₹82288.81, down by -0.08%. The stock has hit a high of ₹280.45 and a low of ₹270.3 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 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 ₹283.53, ₹288.17, & ₹291.53, whereas it has key support levels at ₹275.53, ₹272.17, & ₹267.53.

Till 11 AM today, the volume traded on NSE & BSE for Bharat Heavy Electricals was 15.98% 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's continued downtrend suggests a bearish trend is underway.

From a fundamental analysis perspective, the company has a ROE of 1.16% .

The median 1-year forecasted upside in this share is at 18.98% with a target price of ₹222.1875.

The company has a 63.17% promoter holding, 8.96% MF holding, & 9.10% FII holding as per filings in the june quarter.

The MF holding has decreased from 9.55% in march to 8.96% in june.

The FII holding has increased from 8.76% in march to 9.10% in june quarter.

Bharat Heavy Electricals share price down -1.61% today to trade at ₹274.25 while its peers are mixed. Its peers such as Thermax, Aia Engineering are falling today, but its peers Suzlon Energy, Voltas are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.1% & -0.08% each respectively.