BHEL falls as CARE downgrades rating on long-term bank facilities

29 Jun 2020 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 35.55, down by 1.30 points or 3.53% from its previous closing of Rs. 36.85 on the BSE.

The scrip opened at Rs. 36.40 and has touched a high and low of Rs. 36.80 and Rs. 35.40 respectively. So far 1445100 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 74.75 on 28-Jun-2019 and a 52 week low of Rs. 19.20 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 39.80 and Rs. 32.25 respectively. The current market cap of the company is Rs. 12430.97 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 27.17% and 9.66% respectively.

CARE has downgraded the rating on the long-term bank facilities of Bharat Heavy Electricals (BHEL) to ‘AA’ from ‘AA+’ while reaffirming the outlook to ‘Stable’. The rating on the short-term facilities has been reaffirmed at ‘A1+’.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

BHEL Share Price

247.20 4.30 (1.77%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
BHEL 247.20
Bharat Electronics 201.45
Thermax 4168.00
Kirloskar Oil Eng 859.25
Praj Industries 532.70
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.