Shares of Bharat Heavy Electricals Limited (BHEL) experienced a significant boost, soaring by 12% on Monday, marking its most substantial single-day surge since September 1, 2021. The surge comes in the wake of another potentially sizable order in the pipeline.
The rise in BHEL’s stock is attributed to the board approval of a substantial investment by state-run peer NTPC. NTPC approved an investment of Rs 17,195.3 crore for the third phase of the Singrauli Super Thermal Power Project, a 2×800 MW project. Notably, BHEL was the sole bidder for the construction of the Singrauli plant, sparking optimism and driving the surge in BHEL’s shares.
GIFT Nifty indicated a positive start for domestic indices BSE Sensex and NSE Nifty 50. Here’s a look at the things to know ahead of the opening bell on Monday.
GIFT Nifty traded up 83 points or 0.14% at 21,423, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 jumped 256.35 points or 1.23% to settle at 21,182.70, while the BSE Sensex soared 926.60 points or 1.34% to 70,514.20.
“Markets resumed uptrend after a breather and gained over a percent, tracking favorable global cues. Firm US markets triggered a gap-up start in Nifty, which further strengthened as the session progressed. Eventually, it settled closer to the day’s high at 21,182.70 levels. All key sectors participa…
Popular Vehicles and Services IPO allotment to be finalised on March 15. It is expected that the company’s shares may get listed on bourses on March 19. The investors can check the allotment details on the registrar’s website.
Here’s how you can check the allotment:
Step 1