Power Finance Corporation, REC, HPCL, BPCL and BHEL Among PSU Stock to Watch Today
Power Finance Corporation, REC, HPCL, BPCL and BHEL were top performing PSU stocks on Thursday. Traders can expect action in these counters in today's session as well. TopNews has reviewed these stocks and provided technical levels for traders and short term investors.
Pricing Information
| Stock | Open | High | Low | 52-wk High | 52-wk Low | Market Cap | P/E Ratio | Dividend Yield | CDP Score |
|---|---|---|---|---|---|---|---|---|---|
| HPCL | Rs 412.85 | Rs 421.5 | Rs 408.8 | Rs 457.15 | Rs 244.53 | 89.11KCr | 21.31 | 4.99% | C |
| BPCL | Rs 294.85 | Rs 299.3 | Rs 292.55 | Rs 376.0 | Rs 222.25 | 63.93KCr | 9.60 | 7.12% | B- |
| BHEL | Rs 240.3 | Rs 242.55 | Rs 238.1 | Rs 335.35 | Rs 178.65 | 84.23KCr | 361.42 | 0.10% | NaN |
| Power Finance Corporation | Rs 453.0 | Rs 464.25 | Rs 451.65 | Rs 580.0 | Rs 351.7 | 1.53LCr | 7.23 | 2.64% | NaN |
| REC Limited | Rs 509.25 | Rs 520.5 | Rs 507.05 | Rs 654.0 | Rs 405.25 | 1.37LCr | 9.19 | 3.27% | NaN |
HPCL
The stock price of HPCL shows consolidation near its recent highs, with a narrow trading range between Rs 408.80 and Rs 421.50. The formation of small-bodied candles indicates indecision among traders. A breakout above Rs 421.50 could trigger bullish momentum, while a breakdown below Rs 408.80 might lead to further correction.
BPCL
BPCL is trading within a tight range, with support around Rs 292.55 and resistance at Rs 299.30. The stock exhibits steady demand at lower levels, but weak buying pressure near resistance limits upward movement. A close above Rs 299.30 could attract buyers for a potential uptrend.
BHEL
The price action in BHEL highlights consolidation near Rs 240. With resistance at Rs 242.55, the stock struggles to gain bullish traction. However, a strong breakout above Rs 242.55 could open the path for further upside, making it an attractive play for short-term traders.
Power Finance Corporation
Power Finance Corporation is trading near its resistance of Rs 464.25, with strong support around Rs 451.65. Price action suggests bullish momentum if the stock breaches Rs 464.25 on strong volume. A failure to sustain above Rs 451.65 could lead to a temporary pullback.
REC Limited
The stock of REC Limited reflects strength, holding support at Rs 507.05 and testing resistance near Rs 520.50. Price action suggests buying interest at lower levels. A sustained breakout above Rs 520.50 could pave the way for further gains in the near term.
Fibonacci Levels for Each Stock
HPCL
23.6%: Rs 411.80
38.2%: Rs 413.65
50.0%: Rs 415.15
61.8%: Rs 416.65
78.6%: Rs 418.78
Insights: HPCL is consolidating near its high range. Traders may watch for a breakout above Rs 421.5.
BPCL
23.6%: Rs 294.14
38.2%: Rs 295.13
50.0%: Rs 295.93
61.8%: Rs 296.72
78.6%: Rs 297.86
Insights: BPCL shows stability near support levels, with a potential upward momentum if Rs 299.3 is breached.
BHEL
23.6%: Rs 239.15
38.2%: Rs 239.80
50.0%: Rs 240.32
61.8%: Rs 240.85
78.6%: Rs 241.60
Insights: BHEL's narrow Fibonacci levels indicate consolidation. A breakout above Rs 242.55 could signal bullish trends.
Power Finance Corporation
23.6%: Rs 454.62
38.2%: Rs 456.46
50.0%: Rs 457.95
61.8%: Rs 459.44
78.6%: Rs 461.55
Insights: Power Finance Corporation is nearing resistance at Rs 464.25. A breakout may lead to higher levels.
REC Limited
23.6%: Rs 510.22
38.2%: Rs 512.19
50.0%: Rs 513.77
61.8%: Rs 515.36
78.6%: Rs 517.62
Insights: REC Limited's strong support at Rs 507 suggests buying opportunities if the price holds above this level.
