Key Events This Week
29 Dec 2025: Technical momentum upgrade signals bullish trend
30 Dec 2025: Stock rebounds with 1.16% gain amid steady volumes
31 Dec 2025: Continued upward momentum with 1.70% rise
1 Jan 2026: Gains persist, closing at Rs.291.30 (+1.32%)
2 Jan 2026: New 52-week high at Rs.295.60, closing at Rs.299.45 (+2.80%)
29 December 2025: Technical Momentum Upgrade Spurs Confidence
BHEL began the week with a notable shift in technical momentum, upgrading from a mildly bullish to a bullish trend. The stock closed at Rs.279.45, down 0.76% on the day but supported by technical indicators such as MACD and moving averages signalling renewed buying interest. Despite the slight daily decline, the overall technical picture suggested strengthening momentum, with the stock approaching its 52-week high of Rs.295.20. This upgrade reflected growing investor confidence in the heavy electrical equipment sector and set the stage for the week’s subsequent gains.
30-31 December 2025: Steady Gains Amid Rising Volumes
On 30 December, BHEL rebounded with a 1.16% gain to close at Rs.282.70, supported by increased volume of 391,802 shares. The stock’s recovery contrasted with the Sensex’s marginal decline of 0.01%, highlighting relative strength. The following day, 31 December, saw further momentum as BHEL advanced 1.70% to Rs.287.50 on robust volume of 513,729 shares, outpacing the Sensex’s 0.83% gain. This period marked a consolidation of the bullish technical signals observed earlier, with the stock trading comfortably above key moving averages and signalling sustained investor interest.
Under the radar no more! This Large Cap from Cement is emerging from turnaround with solid fundamentals intact. Discover it while it's still relatively hidden!
- - Hidden turnaround gem
- - Solid fundamentals confirmed
- - Large Cap opportunity
1 January 2026: Continued Uptrend with Positive Market Sentiment
Entering the new year, BHEL maintained its upward trajectory, closing at Rs.291.30 with a 1.32% gain on a volume of 644,870 shares. The Sensex also advanced modestly by 0.14%, but BHEL’s outperformance underscored its strong technical positioning. The stock’s price remained above all major moving averages, reinforcing the bullish trend and signalling sustained investor confidence. This steady climb reflected both company-specific momentum and broader sectoral recovery within the heavy electrical equipment industry.
2 January 2026: New 52-Week High and Strong Finish
BHEL capped the week by hitting a new 52-week high of Rs.295.60 during intraday trading, closing at Rs.299.45, up 2.80% on the day. This marked a cumulative gain of 4.99% over the last four trading sessions. The stock outperformed the Sensex’s 0.81% rise, reflecting robust buying interest and technical strength. Trading volume surged to 841,147 shares, signalling heightened investor participation. The stock’s position above all key moving averages, including the 50-day and 200-day, confirmed the ongoing uptrend. This milestone also coincided with an upgrade in the Mojo Score to 67.0, categorised as a Hold rating, reflecting improved market sentiment since the previous Sell rating in September 2025.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.279.45 | -0.76% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.282.70 | +1.16% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.287.50 | +1.70% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.291.30 | +1.32% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.299.45 | +2.80% | 37,799.57 | +0.81% |
Key Takeaways from the Week
Positive Signals: BHEL’s technical momentum upgrade early in the week laid the foundation for a sustained rally, culminating in a new 52-week high. The stock consistently outperformed the Sensex, gaining 6.34% versus the benchmark’s 1.35%. Strong volume support and positioning above all major moving averages reinforced the bullish trend. The upgrade in Mojo Score to 67.0 (Hold rating) reflects improved fundamentals and market perception.
Cautionary Notes: Despite the strong weekly gains, some technical oscillators showed mixed signals in prior analysis, suggesting that investors should monitor for potential volatility. The stock’s market capitalisation grade remains modest at 2, indicating mid-cap status with inherent price fluctuations. Absence of a clear Dow Theory trend confirmation advises a measured approach to further gains.
Bharat Heavy Electricals Ltd. or something better? Our SwitchER feature analyzes this mid-cap stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Conclusion: Sustained Momentum Amid Positive Technical and Market Signals
Bharat Heavy Electricals Ltd. demonstrated a robust performance in the week ending 2 January 2026, with a 6.34% price appreciation that outpaced the Sensex by nearly five percentage points. The stock’s technical momentum upgrade, consistent gains, and new 52-week high at Rs.295.60 underscore a period of sustained strength within the heavy electrical equipment sector. While some mixed technical signals counsel caution, the overall trend remains positive, supported by strong volume and favourable moving average alignments. The upgrade in Mojo Score to a Hold rating further validates the improved market sentiment and underlying fundamentals. Investors should continue to monitor price action around key resistance levels and volume trends to gauge the durability of this rally.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today
