India's Bharat Heavy Electricals rises after quarterly profit jump
14/10/2026 09:32
BUZZ-India's Bharat Heavy Electricals rises after quarterly profit jump ** Shares of India's Bharat Heavy Electricals BHEL.NS rise as much as 4.2% to 460.80 rupees
** Gains come after co's second quarter consolidated net profit jumps about two-fold year-over-year to 8.21 billion rupees ($86.35 million)
** Co's September quarter revenue rises 23.81% y/y to 93 billion rupees
** Co also approved capital investment of 5 billion rupees for additional facilities for manufacturing of thermal and nuclear sets at HEEP-Haridwar unit
** BHEL rated "hold" on average by 20 analysts, median PT at 475 rupees--data compiled by LSEG
** YTD stock up 59.33%
($1 = 95.0800 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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