BHEL rises on signing MoU with VECVL
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Bharat Heavy Electricals is currently trading at Rs. 85.72, up by 1.25 points or 1.48% from its previous closing of Rs. 84.47 on the BSE.
The scrip opened at Rs. 86.19 and has touched a high and low of Rs. 86.30 and Rs. 85.25 respectively. So far 375343 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 91.45 on 05-Dec-2022 and a 52 week low of Rs. 41.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 86.85 and Rs. 83.35 respectively. The current market cap of the company is Rs. 30011.90 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.07% and 12.76% respectively.
Bharat Heavy Electricals (BHEL) and Volvo Eicher Commercial Vehicles (VECVL) have signed a memorandum of understanding (MoU) for taking up a Joint project for development & deployment of Type - IV Cylinders (Hydrogen / CNG) in Commercial Vehicle Segment.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.
