Stock in Focus: This Government Enterprise company signs a MoU with Nuclear Power Corporation of India!

The stock gained 19.36 per cent in the past 6 months and since it was listed on the BSE (July 14, 1995), it has gained more than 887 per cent

The State-run PSUs Nuclear Power Corporation of India Limited (NPCIL) and Bharat Heavy Electricals Limited (BHEL) have entered into a MoU to jointly pursue business opportunities in the area of Nuclear Power Plants based on Pressurized Heavy Water Reactor (PHWR) technology. Under the MoU, BHEL and NPCIL will jointly explore opportunities for the development of nuclear power projects with a view to reducing project gestation time.  

BHEL is a leading manufacturer of power plant equipment (nuclear, hydro, thermal and renewables) and is the only Indian company to be actively associated with all the three stages of the Indian Nuclear Programme, providing sustainable and customer centric solutions for over five decades.. 

The company has the capability to design, engineer, manufacture & supply, primary side (reactor headers, end shields, etc.) as well as secondary side (steam turbines, generators, heat exchangers, etc.) equipment for Nuclear Power Plants. BHEL has supplied Steam Turbine Generator sets for nearly 50 per cent of the country’s total installed nuclear capacity.  

On Thursday, shares of BHEL surged 0.24 per cent to Rs 71.81 per share with an intraday high of Rs 72.39 and an intraday low of Rs 71.53 per share. The stock has a 52-week high of Rs 91.45 and a 52-week low of Rs 41.40.    

According to the financials, BHEL has a market cap of Rs 25,004.70 crore. The company reported positive results in quarterly and annual consolidated financial statements.   

The stock gained 19.36 per cent in the past 6 months and since it was listed on the BSE (July 14, 1995), it has gained more than 887 per cent. Investors should keep an eye on this multibagger Mid-Cap stock.