BHEL hits 21-month high on heavy volumes; stock zooms 59% in 8 days

Shares of Bharat Heavy Electricals Limited (BHEL) surged 14 per cent to Rs 75.15, hitting a 21-month high on the BSE in an otherwise weak market on Tuesday, on the back of heavy volumes. Till 03:05 pm, a combined 513 million equity shares, representing 15 per cent of total equity of BHEL, had changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.69 per cent at 49,161.

The stock of the state-owned heavy electrical equipment company was trading at its highest level since July 2019. In the past eight trading days, the stock