Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Heavy Electricals (BHEL) was at Rs 200 few weeks ago. It is still going to Rs 110-112 which is a short-term target is on the downside. A rally today in BHEL is a short selling opportunity, it is a pity but that is how I would look at the charts."
The share touched its 52-week high Rs 272.45 and 52-week low Rs 112.10 on 05 October, 2012 and 06 August, 2013, respectively. Currently, it is trading 57.06 percent below its 52-week high and 4.37 percent above its 52-week low. Market capitalisation stands at Rs 28,636.92 crore. Also Read: PM dedicates two projects of BHELDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!