The countdown has begun for Chandrayaan 3 to reach the moon. Not only the country but the whole world is eyeing India and Chandrayaan 3. There is also talk of a company developing Chandrayaan 3 which has been awarded the title of Maharatna by the Government of India. Before the soft landing of Chandrayaan 3, this company created such an atmosphere in the stock market that everyone kept watching.
The name of this company is Bharat Heavy Electricals Limited. Its shares jumped more than 10 percent on Tuesday. It is a government company which has got the status of Maharatna. BHEL has a huge contribution in preparing Chandrayaan.
Strong jump in the company’s stock
On Tuesday, there was a rise in the shares of Bharat Heavy Electricals Limited ie BHEL. The company’s stock jumped 10 per cent to Rs 100. Closed on 111.05. According to BSE data, the company’s stock not only gained momentum throughout the day, but also reached Rs 200. Also hit a 52-week high of 112.75. On Monday, the company’s share was Rs. 100.85 and on Tuesday closed at Rs. Open on 101.25. According to the experts, it is expected to increase further in the coming days.
38% return in the current year
Talking about the current year, BHEL shares have seen a good growth. According to data from the National Stock Exchange, the company’s shares have given more than 38 per cent returns to investors in the current year. Talking about the last one month, the earnings of investors from this stock have increased by more than 13 percent. In one year, the company has given a return of 109 percent by doubling the money of the investors. In just one week, investors have earned about 10 percent.
How much increase in market cap?
On Monday, the effect of rocket-like boom in BHEL shares was seen that the market of the company increased by thousands of crores. At the close of the market on Monday, the market cap of the company on BSE was Rs. 35,116.60 crores. On Tuesday, the company’s market cap fell to Rs 150 crore. 38,668.31 crores. That is, an increase of Rs 3,551.71 crore has been seen in it.
Assisted in Chandrayaan 3
According to the information, this giant company BHEL has played an important role in Chandrayaan 3 mission. The company had provided batteries and other components for Chandrayaan 3. Bharat Heavy Electricals is an integrated power plant equipment manufacturer engaged in design, engineering, manufacturing, testing, commissioning and servicing of a wide range of products and services for power, transmission, industry, transportation, defense etc. sectors.