BHEL, NMDC, RITES, BEML and IREDA Share Price Recovers; NSE Nifty Closes 99 Points Higher
BHEL, NMDC, RITES, BEML and IREDA stocks closed strong as sustained buying was witnessed among these public sector majors. NSE Nifty traded in the green for majority of trading session and ended at 23,311 (up by 98 points). NSE Nifty has recovered from the recent lows but is still 4.2 percent lower over the last one month. Public sector stocks were largely positive today. TopNews has reviewed technical charts for these stocks for short term traders.
Stock Data Table
| Stock | Open | High | Low | Mkt cap | P/E ratio | Div yield | 52-wk high | 52-wk low |
|---|---|---|---|---|---|---|---|---|
| BHEL | Rs 205.00 | Rs 211.72 | Rs 204.35 | 73.30KCr | 314.31 | 0.12% | Rs 335.35 | Rs 191.66 |
| NMDC | Rs 64.11 | Rs 65.99 | Rs 64.00 | 19.25KCr | 9.51 | 3.68% | Rs 95.45 | Rs 59.70 |
| RITES | Rs 265.80 | Rs 278.20 | Rs 265.75 | 13.00KCr | 35.97 | 2.91% | Rs 412.98 | Rs 252.85 |
| BEML | Rs 3,550.60 | Rs 3,632.60 | Rs 3,542.05 | 14.93KCr | 52.46 | 0.57% | Rs 5,488.00 | Rs 2,671.90 |
| IREDA | Rs 205.46 | Rs 208.98 | Rs 203.35 | 54.87KCr | 35.82 | - | Rs 310.00 | Rs 114.30 |
Stock Analysis for Public Sector Majors
BHEL
Fibonacci Levels for BHEL:
- 23.6% Level: Rs 209.98
- 38.2% Level: Rs 208.9
- 50.0% Level: Rs 208.03
- 61.8% Level: Rs 207.17
- 100.0% Level: Rs 204.35
Additional insights:
- BHEL is currently trading near Rs 211.72, showing positive sentiment among investors.
- Fibonacci support levels indicate potential buying opportunities around Rs 208.9 and Rs 208.03.
- The stock’s 52-week high of Rs 335.35 suggests room for long-term upside if market conditions remain favorable.
NMDC
Fibonacci Levels for NMDC:
- 23.6% Level: Rs 65.48
- 38.2% Level: Rs 65.23
- 50.0% Level: Rs 65.0
- 61.8% Level: Rs 64.77
- 100.0% Level: Rs 64.0
Additional insights:
- NMDC is currently trading near Rs 65.99, showing positive sentiment among investors.
- Fibonacci support levels indicate potential buying opportunities around Rs 65.23 and Rs 65.0.
- The stock’s 52-week high of Rs 95.45 suggests room for long-term upside if market conditions remain favorable.
RITES
Fibonacci Levels for RITES:
- 23.6% Level: Rs 275.26
- 38.2% Level: Rs 273.44
- 50.0% Level: Rs 271.98
- 61.8% Level: Rs 270.51
- 100.0% Level: Rs 265.75
Additional insights:
- RITES is currently trading near Rs 278.2, showing positive sentiment among investors.
- Fibonacci support levels indicate potential buying opportunities around Rs 273.44 and Rs 271.98.
- The stock’s 52-week high of Rs 412.98 suggests room for long-term upside if market conditions remain favorable.
BEML
Fibonacci Levels for BEML:
- 23.6% Level: Rs 3611.23
- 38.2% Level: Rs 3598.01
- 50.0% Level: Rs 3587.32
- 61.8% Level: Rs 3576.64
- 100.0% Level: Rs 3542.05
Additional insights:
- BEML is currently trading near Rs 3632.6, showing positive sentiment among investors.
- Fibonacci support levels indicate potential buying opportunities around Rs 3598.01 and Rs 3587.32.
- The stock’s 52-week high of Rs 5488.0 suggests room for long-term upside if market conditions remain favorable.
IREDA
Fibonacci Levels for IREDA:
- 23.6% Level: Rs 207.65
- 38.2% Level: Rs 206.83
- 50.0% Level: Rs 206.16
- 61.8% Level: Rs 205.5
- 100.0% Level: Rs 203.35
Additional insights:
- IREDA is currently trading near Rs 208.98, showing positive sentiment among investors.
- Fibonacci support levels indicate potential buying opportunities around Rs 206.83 and Rs 206.16.
- The stock’s 52-week high of Rs 310.0 suggests room for long-term upside if market conditions remain favorable.
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