Stock below Rs 100: This PSU company receives order worth Rs 3,700 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.

BHEL informed the exchange it has received an LOI for the supply of strategic equipment for the defence sector for Rs.3,700 crore to be delivered over the next 12 years.   

Today, shares of Bharat Heavy Electricals Ltd (BHEL) surged 1.88 per cent to Rs 71.45 per share from its previous closing of Rs 70.13. This S&P BSE 500 stock has a 52-week high of Rs 91.45 and a 52-week low of Rs 41.40.  

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. Today, shares of the company saw a spurt in volume by more than 1.35 times on BSE.  

Talking about the financials, BHEL has a market cap of Rs 24,340 crore. The company reported positive results in its both 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 18 per cent and since it was listed on BSE (July 14, 1995) it returned over 850 per cent. Investors should keep an eye on this multibagger PSU stock.