BHEL Share Target 2025: Bharat Heavy Electricals Limited (BHEL) shares have seen a lot of volatility in recent times. The domestic stock market has been in a downtrend for a long time and on December 19, all major indexes closed in the red. Meanwhile, in a special show of ET NOW Swadesh, market expert Sony Patnaik has given his opinion on BHEL shares, which can prove to be useful for investors in making money.

BHEL Share Target 2025: What are the experts saying?

Market expert Sony Patnaik, while making his prediction on BHEL stock, said that at present the stock is in a sideways trend, that is, the price of the stock is trading in a certain range. Patnaik further said, "Looking at the further signals on the chart, the level of 260 is a big resistance and in the mid-term we can see the possibility of a range of Rs 280 to Rs 300."

He also said that the stock has been trading between Rs 245 and Rs 260 since the last few days, which might help investors in taking a call on the stock.

BHEL Share Price History: Past Performance Analysis

BHEL's stock has given a return of 31.16 per cent to its investors in the last one year. Since the beginning of this year, this stock has gained 22.13 per cent. Apart from this, this stock has seen a jump of 7.17 per cent in the last one month, which shows its strong position.

About BHEL

Bharat Heavy Electricals Limited (BHEL) is a leading engineering company actively operating in the Indian market. The market cap of the company is Rs 84,352.98 crore. In the recent quarter (30 September 2024), the company reported consolidated sales of Rs 6695.37 crore, which is 26.20 percent higher than the same quarter last year. Along with this, the company has also reported a net profit after tax of Rs 89.53 crore.