BHEL shares dipped as the government launched an Offer for Sale, aiming to divest up to 5% stake and raise approximately Rs 4,422 crore. The floor price is set at Rs 254 per share. This move follows BHEL's impressive Q3 results, which saw a 206% surge in net profit, driven by enhanced execution and revenue growth.
Analysis & Context
BHEL shares dipped as the government launched an Offer for Sale, aiming to divest up to 5% stake and raise approximately Rs 4,422 crore. The floor price is set at Rs 254 per share. This move follows BHEL's impressive Q3 results, which saw a 206% surge in net profit, driven by enhanced execution and revenue growth. This article provides comprehensive coverage and analysis of current events.
BHEL shares dipped as the government launched an Offer for Sale, aiming to divest up to 5% stake and raise approximately Rs 4,422 crore. The floor price is set at Rs 254 per share. This move follows BHEL's impressive Q3 results, which saw a 206% surge in net profit, driven by enhanced execution and revenue growth.
