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BHEL share price target: Already up 50% in 1 year, should you still buy the Maharatna PSU stock? Expert views

By · Published by Everything Blog

In short

The Maharatna PSU delivered a 120.1% year-on-year surge in quarterly net profit to ₹810 crore, supported by a 23.8% increase in operational revenue. To sustain growth, the board sanctioned a ₹500 crore capital expenditure plan for thermal and nuclear manufacturing at Haridwar and approved consolidating its Mumbai repair plant into the Bengaluru electronics division. Domestic brokerage Geojit Financial Services upgraded the stock to a "Buy" with a ₹453 price target, citing an order book reaching ₹2.58 lakh crore.

Key points

  • Geojit Financial Services upgraded BHEL to a Buy rating with a revised target price of ₹4…: Geojit Financial Services upgraded BHEL to a Buy rating with a revised target price of ₹453 per share.
  • A robust order book totaling ₹2.58 lakh crore provides strong revenue visibility for the…: A robust order book totaling ₹2.58 lakh crore provides strong revenue visibility for the company's power operations.
  • The board cleared the merger of the Mumbai Electrical Machines Repair Plant into the Beng…: The board cleared the merger of the Mumbai Electrical Machines Repair Plant into the Bengaluru Electronics Division.

Sources checked by our analysis pipeline: 1

PSU Stock BHEL: BHEL has remained on investors' radar amid the broader interest in PSU stocks, backed by its strong presence in the power and industrial sectors. The company's large order book, improving execution and growing opportunities in thermal and nuclear power equipment have also kept the stock in focus. However, after a sharp rally, recent weakness has raised questions about whether the Maharatna PSU stock can sustain its momentum and deliver further gains.

BHEL shares have gained 51% in one year and 461% over five years, although they have declined 5% in the past month and 2.5% in three months. The stock rose 2.5% on Wednesday to hit an intraday high of ₹404.70 on the BSE, around 13% below its 52-week high of ₹463.60, touched on October 14, 2026.

Its latest Q2 results, however, offered a strong earnings show, with net profit more than doubling. Should investors consider buying BHEL shares at current levels?

BHEL reported a 120.1% year-on-year (YoY) jump in standalone net profit to ₹810 crore in the second quarter of FY27, compared with ₹368 crore in…

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