Why is the BHEL share price rising today?

The stock is rebounding after the 5% government OFS cleared at ₹256.59, which created a reference support. With supply absorbed and sentiment steady, buyers stepped in near ₹262–265. Brokerages also kept Buy calls, citing strong order visibility from India’s thermal capex and related projects.

What is the BHEL OFS price and why does it matter?

The BHEL OFS cleared at ₹256.59. This price matters because it often acts as a short-term anchor for traders. If the market holds above this level on decent volumes, it signals demand absorption. A clean OFS also reduces uncertainty from supply overhang, aiding near-term price discovery.

What are current BHEL target price estimates from brokers?

JM Financial and ICICI Securities reiterated Buy with targets at ₹355 and ₹343. At around ₹262.60, these imply about 35% and 31% potential upside. The calls rest on a ₹2.23 trillion order book, better execution, and India’s thermal capacity additions that can power earnings over multiple years.

Is BHEL overvalued based on P/E?

On trailing numbers, P/E is near 112.7x, which is rich. Bulls expect margins to improve as the large order book converts. Bears worry about execution, receivables, and cash cycles. Watch margin trends, interest coverage, and cash flows. If these improve, the valuation premium can hold; otherwise, it may compress.

What are key support and resistance levels now?

Support sits at ₹256.59, the OFS floor, then near ₹253.83 at the 200-DMA. Resistance is ₹265.15, followed by ₹271.47 at the 50-DMA and ₹278.29 at the upper Bollinger Band. The 52-week high is ₹305.90. Traders may use these levels for entries and exits with tight risk control.

Global Market Insights

BHEL.NS Stock Today: Post-OFS bounce, Buy calls in focus – February 17

ByHuzaifa Zahoor February 17, 2026February 17, 2026

BHEL share price is stabilising after the government’s 5% OFS cleared at ₹256.59. In early trade, the stock hovered near ₹262.60, up about 2.7% from the previous close. We see near-term support around the OFS floor as sentiment improves. Brokerages JM Financial and ICICI Securities kept Buy calls with targets at ₹355 and ₹343, citing strong order visibility and thermal capacity additions. We break down the setup, key levels, and what to track in India’s power capex cycle.