Shares of multibagger Bharat Heavy Electricals Ltd (BHEL) hit their 52 week high in early deals on Friday. With today’s rally, the PSU stock has risen 254% in a year and gained 427% in two years. The multibagger stock, which closed at Rs 53.8 on April 28, 2022 climbed to a 52 week high of Rs 283.40 on BSE today. It is trading in the overbought zone, signals relative strength index (RSI) of BHEL stock which stands at 72.8. Investors and traders are bullish on the stock as BHEL shares are trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages.
Cochin Shipyard share price: The stock scaled its all-time high value of Rs 1,376.90 during the previous session. At the said price, the multibagger scrip was up more than 100 per cent on a year-to-date (YTD) basis and over 450 per cent in the past one year.
Tejas Networks share price: The stock zoomed 19.82 per cent to hit an intraday high value of Rs 928.95. It eventually settled 16.83 per cent higher at Rs 905.75. At this price, the scrip was down 3.63 per cent from its one-year high of Rs 939.90, a level seen on October 18 last year.