BHEL shares cool off after initial rally on Adani Power order 

Bharat Heavy Electricals Limited (BHEL) shares fell 0.98 per cent to ₹263.70 on Tuesday, cooling off after an earlier rally triggered by the company’s ₹6,500 crore order win from Adani Power.

The stock opened higher at ₹267.75 but declined throughout the trading session, hitting a low of ₹263.00. Market data shows heavy selling pressure with sell quantity at 23.47 lakh shares against buy quantity of 9.39 lakh shares as of 11.45 AM.

BHEL recently announced it has won the substantial contract to supply equipment and oversee construction of six thermal power units, each with 800 MW capacity, for Adani Power. The order represents a major win for the state-owned power equipment manufacturer.

The stock had gained momentum following the order announcement but appears to be consolidating after the initial rally. Trading volume reached 29.11 lakh shares with a traded value of ₹77.16 crore during the session.

BHEL shares have shown significant volatility over the past year, trading between a 52-week high of ₹335.35 in July 2024 and a low of ₹176.00 in March 2025. The stock currently trades within its price band limits of ₹292.90 upper and ₹239.70 lower.

With a total market capitalization of ₹91,822 crore, BHEL maintains its position as a key player in India’s power equipment sector despite the day’s decline.

Published on July 1, 2025