Bharat Heavy Electricals share price gained 0.39%
Business Business: Today at 05 Nov 15:00 hrs, shares of Bharat Heavy Electricals were trading at ₹ 234.25, up 0.39% from its previous close. Sensex was trading at ₹ 79435.43, up 0.83%. The stock touched a high of ₹ 234.95 and a low of ₹ 229.4 during the day. On the technical front, the stock is trading above 10-day SMA and below 5,20,50,100,300 day SMA. The stock will find support at 10-day SMA and face resistance at 5,20,50,100,300 day SMA. The SMA values for the stock are given below:
Day Simple Moving Average
5 236.48
10 233.08
20 248.79
50 266.45
100 285.59
300 267.08
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹240.52, ₹247.81, and ₹252.67, while it has key support levels at ₹228.37, ₹223.51, and ₹216.22.
Bharat Heavy Electricals Share Price Today
As of 3 pm today, the volume traded on NSE and BSE for Bharat Heavy Electricals was 7.54% higher than the previous trading session. Along with price, the volume traded is an important indicator to study trends. Positive price movement with higher volume indicates a sustainable uptrend, and negative price movement with higher volume may indicate further decline in prices.
Overall, as per Mint technical analysis, the stock is currently experiencing a strong downtrend.
From a fundamental analysis point of view, the company’s ROE is 1.16% and ROA is 0.49% respectively. The current P/E of the stock is at 348.34 and P/B at 3.36.
The 1-year estimated average upside for this stock is 0.96% with a target price of ₹232.00. The company has 0.00% promoter holding, 8.32% MF holding and 9.48% FII holding as per the September quarter filing.
MF holding has declined from 8.96% in June to 8.32% in the September quarter.
FII holding has increased from 9.10% in June to 9.48% in the September quarter.
Bharat Heavy Electricals share price today is trading 0.39% higher at ₹234.25, in line with its peers. Its peers are also surging. Overall, the benchmark
