MUMBAI : Bharat Heavy Electricals Ltd (BHEL) stock is up 77% year-to-date in 2023. The government’s capex thrust has recently picked up on capital goods stocks. But in BHEL’s case, order inflow outlook is strong mainly for its thermal power segment, fueling optimism among investors. So much so that, despite dismal September quarter (Q2FY24) earnings, the stock is up 13% in response to the results.
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