BHEL share price: Brokerages see up to 23% upside after Maharatna PSU posts first Q1 profit in 8 years

July 20, 2026

BHEL shares recently hit a 52-week high, but brokerages see more upside after the Maharatna PSU posted its first June-quarter profit in eight years. Strong execution, a robust Rs 2.6 lakh crore order book and improving margins have prompted ICICI Securities and JM Financial to reiterate their bullish outlook on the stock.

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