BHEL Share Price Falls 1.68% to ₹223.58 in Early Trade; Weakness Persists Post Recent Rally
BHEL share slipped nearly 2% to ₹223.58 in early trade on April 21 amid profit booking and weak sentiment in capital goods stocks.
Key Highlights:
BHEL Share Price Slips to ₹223.58, Down 1.68% in Early Trade
BHEL Share Price dropped ₹3.81 or 1.68% to ₹223.58 as of 9:51 AM IST on April 21, marking a weak start for the PSU engineering major. The stock opened at ₹226.16 and fell sharply to an intraday low of ₹220.32 before recovering slightly.
The decline follows a recent multi-session rally, prompting traders to lock in gains at higher levels.
BHEL Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹223.58 |
| Day’s High | ₹226.90 |
| Day’s Low | ₹220.32 |
| Opening Price | ₹226.16 |
| Previous Close | ₹227.39 |
| Market Cap | ₹77,800 Cr |
| P/E Ratio | 150.05 |
| Dividend Yield | 0.11% |
| 52-Week High | ₹335.35 |
| 52-Week Low | ₹176.00 |
Why Is BHEL Stock Under Pressure Today?
- Profit booking after recent surge from ₹200 to above ₹225
- Weakness in broader capital goods and industrials space
- Concerns over high P/E valuation (150.05x) amid volatile order inflows
- Lack of near-term triggers; results awaited in early May
Sector Check – Capital Goods Stocks Performance
| Stock | Price (₹) | Change (%) |
|---|---|---|
| BHEL | 223.58 | -1.68% |
| L&T | 3,673.80 | -0.15% |
| BEL | 213.90 | +0.10% |
| HAL | 3,438.20 | -0.42% |
| Siemens | 4,420.00 | -0.35% |
BHEL is among the top losers in the industrials pack, reflecting weak PSU sentiment in early trade.
BHEL Share Price: Technical Levels to Watch
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 220.00 |
| Strong Support | 212.00 |
| Resistance Zone | 228.00 / 235.00 |
| Breakout Trigger | 240.00 |
A fall below ₹220 may lead to extended downside toward ₹212, while recovery above ₹228 is needed to regain upward momentum.
Analyst Commentary on BHEL Stock
- Emkay Global: “Valuations stretched; earnings visibility still lags order pipeline. Recommend booking partial profits.”
- Kotak Institutional Equities: “Monitor execution on large orders. Maintain Neutral.”
- ICICI Direct: “Long-term positive on electrification and infra cycle, but short-term consolidation likely.”
Final Word on BHEL Share Price Today
BHEL share price witnessed pressure in early trade on April 21, as investors locked in gains after a sharp upmove. While the long-term story in power infrastructure remains intact, the current P/E valuation leaves limited room for upside without earnings catch-up. Short-term traders should watch the ₹220–₹212 zone for support-based bounce plays.
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