Investors are suggested to buy Bhel stock to achieve short term target between Rs 2530-2550.

Today, Bhel stock opened at Rs. 2500, after the previous close of Rs. 2489.25 at BSE. Presently (11:45 am), the stock is trading 2.36% up at Rs. 2,548.05 at the BSE.

The stock opened at Rs. 2,499, after the previous close of Rs. 2,491.55 at NSE. At present, the stock is trading 2.15% up at Rs. 2,545 at NSE.

The investors can purchase the stock on declines around Rs 2,482. The stock will surely achieve the said target within a period of 3-4 weeks. So, the investors are suggested not to sell this stock before achieving this target.

On Bombay Stock Exchange, the stock has touched 52-week high of Rs 2,925 and a low of Rs 970. The stock has been performing well based on better results in previous quarter. The fundamentals are too strong and it has robust plans for the future growth in profits.

If investors want some other options for investing in the same segment, they can purchase Suzlon Energy and Praj Industries for short or medium term.

The Indian government may fine-tune the mega power policy to back up BHEL.

The administration may offer concessions even if the project contracted its equipment through the nomination path. As of now, tax waivers for mega power projects can only be availed if the project is developed through the international competitive bidding route.

But, the government is now planning to relax the norms related to fiscal incentives under the mega power policy, in a move that would clear hurdles in the ways of BHEL getting bulk orders for the 800 mega watt (MW) super critical thermal power plants planned by NTPC.