Bharat Heavy Electricals Share Price Today on 31-10-2024: At 31 Oct 11:15 today, Bharat Heavy Electricals shares are trading at price ₹237.25, 0.32% up from the previous closing price. Sensex is trading at ₹79582.23, down by -0.45%. The stock has hit a high of ₹239.05 and a low of ₹232.85 during the day.
On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹242.68, ₹249.07, & ₹255.03, whereas it has key support levels at ₹230.33, ₹224.37, & ₹217.98.
Till 11 AM today, the volume traded on NSE & BSE for Bharat Heavy Electricals was 14.38% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 1.16% & ROA of 0.49% respectively.The current P/E of the stock is at 353.13 & P/B is at 3.40.
The median 1-year forecasted upside in this share is at 1.79% with a target price of ₹233.00.
The company has a 0.00% promoter holding, 8.32% MF holding, & 9.48% FII holding as per filings in the september quarter.
The MF holding has decreased from 8.96% in june to 8.32% in the september quarter.
The FII holding has increased from 9.10% in june to 9.48% in the september quarter.
Bharat Heavy Electricals share price up 0.32% today to trade at ₹237.25 while its peers are mixed. Its peers such as Suzlon Energy, Voltas are falling today, but its peers Thermax, Blue Star are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.34% & -0.45% each respectively.
