BHEL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.6
| Stock Code | BHEL | Market Cap | 87,712 Cr. | Current Price | 252 ₹ | High / Low | 306 ₹ |
| Stock P/E | 110 | Book Value | 71.2 ₹ | Dividend Yield | 0.20 % | ROCE | 4.75 % |
| ROE | 2.00 % | Face Value | 2.00 ₹ | DMA 50 | 262 ₹ | DMA 200 | 256 ₹ |
| Chg in FII Hold | 0.05 % | Chg in DII Hold | 1.08 % | PAT Qtr | 382 Cr. | PAT Prev Qtr | 368 Cr. |
| RSI | 44.2 | MACD | -1.91 | Volume | 49,14,701 | Avg Vol 1Wk | 73,44,574 |
| Low price | 193 ₹ | High price | 306 ₹ | PEG Ratio | 15.2 | Debt to equity | 0.44 |
| 52w Index | 52.0 % | Qtr Profit Var | 207 % | EPS | 2.30 ₹ | Industry PE | 31.3 |
📊 Analysis: BHEL is trading at ₹252, below its 50 DMA (₹262) and 200 DMA (₹256), reflecting weak technical strength. RSI at 44.2 indicates neutral momentum, while MACD at -1.91 suggests bearish bias. Current volume (49,14,701) is significantly lower than the 1-week average (73,44,574), showing weak intraday participation. Despite strong quarterly profit growth, high valuation and poor efficiency metrics limit intraday attractiveness.
💰 Optimal Buy Price: ₹245–250 (near support zone)
📈 Profit-Taking Levels: ₹260–265 (short-term resistance)
📉 Stop-Loss: ₹240 (below support)
⏳ If Already Holding: Exit intraday if price fails to sustain above ₹255 or if volume continues to weaken. A bounce toward ₹260–265 can be used for profit booking, while a breakdown below ₹245 should trigger exit to protect capital.
✅ Positive
- Quarterly PAT growth from ₹368 Cr. to ₹382 Cr. (+207% YoY variation).
- DII holding increased (+1.08%), showing domestic institutional support.
- Debt-to-equity ratio at 0.44 is manageable.
⚠️ Limitation
- Extremely high P/E ratio (110) compared to industry average (31.3).
- Low ROCE (4.75%) and ROE (2.00%) indicate weak efficiency.
- Volume significantly below average, limiting intraday momentum.
📉 Company Negative News
- Weak return ratios (ROCE and ROE) highlight inefficiency.
- Stock trading below both 50 DMA and 200 DMA, confirming bearish sentiment.
📈 Company Positive News
- Strong quarterly profit growth supports earnings momentum.
- FII holding increased slightly (+0.05%), showing marginal foreign investor confidence.
🏭 Industry
- Power and engineering sector remains cyclical but benefits from infrastructure demand.
- Industry P/E at 31.3 shows sector is moderately valued compared to BHEL’s extreme valuation.
🔎 Conclusion
BHEL shows strong profit growth but suffers from weak efficiency, high valuation, and bearish technicals. Intraday trading is risky, suitable only for cautious entries near support with strict stop-loss discipline. Momentum and volume do not favor aggressive intraday positions.