SP Tulsian, sptulsian.com analyses, why the share price of BHEL is moving up.
Tulsian told CNBC-TV18, "The reasons for BHEL to move up are as one obviously the NTPC order is the trigger for that and that is a trigger more for BGR Energy, the kind of run-up which we have seen in that stock because BGR is obviously the largest beneficiary then the BHEL and BHEL comes in the second place."
He further added, "There are no indications of this stake sell by the government even via auction route because of the dissent made by the heavy industries minister and that probably has attracted the institutional investors that if they delayed their acquisitions then probably they will miss the bus and hence the rerating of the stock and third if you see the overall positive built-up happening for the capital goods sector because of the clearances to power sector now that deadline of March 2015 is going to be met by all these power generation companies, thermal power and that's a reason in fact if you are seeing the run up in ABB , Siemens , BHEL, L&T , Thermax , Alstom Power all these capital goods stock have started moving up. So these are the combination of three-four factors which are making BHEL to move up."
