BHEL is considered both healthy for one's portfolio and for overall financial health, given its reputation for reliable performance and minimal health risks associated with its products.
Despite challenges, BHEL has demonstrated substantial gains over the past few months, indicating a lucrative investment opportunity.
There's anticipation regarding favorable news for BHEL, with recent collaborations indicating positive prospects, such as a deal with Coal India and involvement in a significant project with the Prime Minister's NTCP foundation.
The stock's activity suggests potential growth, especially amidst changes in the market index where other power and PSU stocks witnessed declines while BHEL remained steady.
Accumulation of shorts indicates a bullish sentiment towards BHEL, particularly with recent developments suggesting a strong buying trend, pushing the stock's base to around Rs. 240-250.
The current momentum suggests challenges in breaking through Rs. 300, but the stock is showing promising signs of upward movement.
The stock's performance has been closely monitored since August last year, with notable gains observed, and it continues to attract attention as a potential multi-bagger.
BHEL's status as a renowned and trusted entity in Mumbai further bolsters its appeal as a healthy addition to any investor's portfolio.
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