BHEL bounces 18% from day's low as 13 mn shares change hands in block deal

The company has floated an Expression of Interest (EoI) inviting global companies to partner with it and leverage its facilities and capabilities for setting up a manufacturing base in India

Shares of Bharat Heavy Electricals Limited (BHEL) surged 10 per cent to Rs 24.60 on the BSE on Monday after more than 10 million shares of the company changed hands via blocks deals.

By 12:17 pm, the stock bounced back 18 per cent from the day’s low of Rs 20.90 apiece on th BSE as nearly 13 million equity shares, representing 0.38 per cent of total equity of BHEL, changed hands via block deal on the BSE, the exchange data shows.

At 01:15 pm, the stock was trading 8 per cent higher at Rs 24.10, as compared to a 5.2