BHEL Shares Soar 3% After Sell-Off; UBS 'Buy' Call & Order Win Fuel Rebound

Business
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Moneycontrol•09-01-2026, 09:26
BHEL Shares Soar 3% After Sell-Off; UBS 'Buy' Call & Order Win Fuel Rebound
- •BHEL shares surged over 3% in early trade Friday, recovering from a sharp sell-off triggered by policy concerns.
- •The rebound follows Thursday's nearly 9% decline, which was linked to reports of India potentially easing curbs on Chinese firms for government contracts.
- •UBS initiated a 'Buy' call on BHEL with a target price of Rs 375, projecting over 35% upside due to strong order momentum.
- •A key highlight is BHEL's Rs 5,400-crore coal gasification plant order from BCGCL, marking the first commercial deployment of its PFBG technology.
- •Despite recent volatility, BHEL shares have outperformed the Nifty 50, gaining about 28% over the past year.
Why It Matters: BHEL stock recovers sharply, driven by a major order win and a positive 'Buy' rating from UBS.
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