Stock below Rs 100: This PSU company receives order worth Rs 300 crore!

The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.

Today, shares of Bharat Heavy Electricals Ltd (BHEL) surged 0.68 per cent to Rs 81.35 per share. This S&P BSE 500 stock has a 52-week high of Rs 91.45 and a 52-week low of Rs 41.40.  

BHEL informed the exchange that it has won an order worth Rs 300 crore for the renovation & modernisation (R&M) of the 200 MW Unit-3 and the 210 MW Unit-5 of steam turbines at Ukai Thermal Power Station (TPS) in Gujarat. The company is also the original equipment manufacturer (OEM) of these turbine sets which have been successfully operating for around 40 years, before being taken up for R&M.  

Bharat Heavy Electricals Ltd (BHEL) is an integrated power plant equipment manufacturer that designs, engineers, manufactures, erects, tests, commissions and services a wide range of products and services for the core sectors of the economy.  

Talking about the financials, BHEL has a market cap of Rs 28,135.07 crore. The company reported positive results in its quarterly and annual consolidated financial statements. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.  

In the last six months, the stock returned 51.21 per cent and in the last one year, it returned 42 per cent. Investors should keep an eye on this stock.