BHEL Sees Surge in Trading Volume Amid Ongoing Market Challenges

Bharat Heavy Electricals Ltd. (BHEL), a prominent player in the Heavy Electrical Equipment industry, has emerged as one of the most active equities by volume today. The stock recorded a total traded volume of 28,610,757 shares, with a total traded value of approximately Rs 64,783.34 lakhs. The stock opened at Rs 231.85 and reached a day high of Rs 232.69, while the day low was Rs 222.59. As of the latest update, the last traded price (LTP) stands at Rs 226.80.
Despite its active trading, BHEL has underperformed its sector, showing a decline of 0.45% today. The stock has been on a downward trend, experiencing a consecutive fall over the last three days, resulting in an overall drop of 8.54% during this period. Additionally, BHEL is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

On a positive note, investor participation has seen a significant rise, with a delivery volume of 98.03 lakhs on August 7, marking an increase of 334.44% compared to the 5-day average delivery volume. The stock remains liquid enough for trades sized at Rs 6.75 crore, based on 2% of the 5-day average traded value. Overall, BHEL's performance today reflects a mix of heightened trading activity and ongoing challenges in its market performance.