Bharat Heavy Electricals Share Price Today on 29-11-2024: Bharat Heavy Electricals share price are down by -0.81%, Nifty up by 0.83%
Bharat Heavy Electricals Share Price Today on 29 Nov 2024: On the last trading day, Bharat Heavy Electricals (BHEL) opened at ₹253.45 and closed at ₹250.30. The stock reached a high of ₹253.80 and a low of ₹250.05 during the day. Overall, the stock experienced a decline from its opening price to the closing price.
Bharat Heavy Electricals Share Price Today on 29-11-2024: At 29 Nov 11:13 today, Bharat Heavy Electricals shares are trading at price ₹250.3, -0.81% down from the previous closing price. Sensex is trading at ₹79739.55, up by 0.88%. The stock has hit a high of ₹253.8 and a low of ₹250.05 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 :
| Days | Simple Moving Average |
|---|---|
| 5 | 234.76 |
| 10 | 231.19 |
| 20 | 234.72 |
| 50 | 251.74 |
| 100 | 276.28 |
| 300 | 269.50 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹254.73, ₹257.27, & ₹260.8, whereas it has key support levels at ₹248.66, ₹245.13, & ₹242.59.
Bharat Heavy Electricals Share Price Today
Till 11 AM today, the volume traded on NSE & BSE for Bharat Heavy Electricals was -45.28% lower 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 indicating a trend reversal after 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 376.85 & P/B is at 3.63.
The median 1-year forecasted upside in this share is at 8.51% 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 down -0.81% today to trade at ₹250.3 while its peers are mixed. Its peers such as Suzlon Energy, Voltas, Thermax are falling today, but its peers Blue Star are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.83% & 0.88% each respectively.
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