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Friday, August 17, 2001

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BHEL: Buoyed by `power'ful order

AN order worth Rs 2,079 crore secured by BHEL is likely to enthuse firm price trends in the stock. BHEL has secured this order from National Thermal Power Corporation for executing the 1,000 MW Rihand Power project in the UP. Considering the order size and the stability it may provide to revenue flows, the market sentiment in the BHEL stock may perk up in the near term. The stock closed on Thursday's trading at Rs 150.55. -- BL Research Bureau

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