Bharat Heavy Electricals Share Price Today on
On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 229.67 |
10 | 246.58 |
20 | 258.87 |
50 | 272.13 |
100 | 287.66 |
300 | 266.11 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹242.52, ₹253.13, & ₹267.77, whereas it has key support levels at ₹217.27, ₹202.63, & ₹192.02.
Till 4 PM today, the volume traded on NSE & BSE for Bharat Heavy Electricals was 428.20% 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 is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 1.16%
The median 1-year forecasted upside in this share is at 0.52% with a target price of ₹231.00.
The company has a 0.00% promoter holding, 8.32% MF holding, & 9.48% FII holding as per filings in the september quarter.
The MF holding has decreased from 8.96% in june to 8.32% 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 5.92% today to trade at ₹229.8 while its peers are mixed. Its peers such as Thermax, Blue Star are falling today, but its peers Suzlon Energy, Voltas are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.65% & 0.76% each respectively.
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