Multibagger Stocks: This company got orders worth crores from NTPC

Multibagger Stocks: Indian Share Market Opening today after a long holiday of three days. In such a situation, many stocks are likely to perform better. In this, a government company is also going to be involved. Bharat Heavy Electricals Limited (BHEL) is a multibagger stock. It has already given excellent returns to investors. Now it is being told that the company has received a new order worth Rs 9,500 crore from NTPC. In such a situation, it is understood that the company’s stock may see a rise on the first trading day of the week. At present the company has work orders worth Rs 1,14,425 crore. The country’s largest insurance company LIC also has 9.62 percent stake in BHEL India. The market cap of the company is said to be more than Rs 89 thousand crore.

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What work has NTPC got from BHEL?

BHEL has received a work worth Rs 9500 crore from NTPC for setting up the third phase of Super Thermal Power Project at Singrauli in Sonbhadra district of UP. Under this, BHEL will handle the entire project through Engineering, Procurement and Construction (EPC) contract. The better thing is that along with construction, commissioning and civil works, machines like boiler, turbine and generator will also be provided by the company. BHEL had received a similar work order from Haryana Power Generation Corporation Limited (HPGCL) last month. Under this, BHEL has to build a new 800 MW Ultra Super Critical Expansion Unit at Deen Bandhu Chhotu Ram Thermal Power Plant (DCRTPP). According to the report, this work order is worth around Rs 5,500 crore.

How have the shares been performing?

Last Thursday, a slight rise of 0.82 percent i.e. Rs 2.10 was seen in BHEL’s stock. The company’s shares closed at Rs 257.30. At the same time, in the last one month the company’s stock has given a return of 18.74 percent to the investors. Whereas, it has given a return of 83.98 percent in six months. At the same time, it has given returns of 246.53 percent in one year and 279.50 percent in five years. In the last 52 weeks, the company’s stock has reached a maximum record of Rs 275.85. Whereas, the minimum has broken till Rs 67.60. A year ago, on March 13, 2023, the company’s stock price was Rs 74.25.
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