BHEL Stock Plunges 10% Amid Government's Chinese Firms Policy Shift

• Bharat Heavy Electricals Ltd (BHEL) shares crashed 10% on Thursday, January 8, closing at ₹273.20 on NSE.
• The stock experienced heavy selling in the last hour of trading, leading to a significant drop from its previous close of ₹303.55.
• BHEL's market capitalization fell to approximately ₹95.13 thousand crore following the sharp decline.
• The crash is linked to reports of the government planning to lift bidding restrictions on Chinese companies.
• The government's potential decision could specifically ease bidding for Chinese firms in power projects.

Why It Matters: BHEL stock crashed 10% due to government plans to ease bidding restrictions for Chinese firms.