Lumpsum

BHEL OFS: The PSU stock cracked 6% today as the two-day OFS by the promoters, i.e. the government of India, kicked off with a floor price of ₹254 — which is at a 8% discount to the last close of ₹276.10.

The BSE PSU index settled the last trading session on August 29 at 18,319.45, down 20.41% from its all-time high of 23018.87. Meanwhile, out of the 63 index constituents, some 10 stocks have managed to gain over the last one year, while others have declined by up to 53%.

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