Bharat Heavy Electricals share are up by 3.5%, Nifty up by 1.48%

Bharat Heavy Electricals Share Price Today on : At 20 Sep 16:01 today, Bharat Heavy Electricals shares are trading at price ₹266.15, 3.5% up from the previous closing price. Sensex is trading at ₹84544.31, up by 1.63%. The stock has hit a high of ₹266.8 and a low of ₹257.8 during the day.

On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at 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 ₹269.28, ₹272.42, & ₹278.13, whereas it has key support levels at ₹260.43, ₹254.72, & ₹251.58.

Till 4 PM today, the volume traded on NSE & BSE for Bharat Heavy Electricals was 30.20% 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 MF holding has decreased from 9.55% in march to 8.96% in the june quarter.

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

Bharat Heavy Electricals share price up 3.5% today to trade at ₹266.15 while its peers are mixed. Its peers such as Voltas are falling today, but its peers Suzlon Energy, Thermax, Aia Engineering are on the rise. Overall, benchmark indices Nifty & Sensex are up 1.48% & 1.63% each respectively.