Shares of Bharat Heavy Electricals Ltd (BHEL) hit their 52-week high on Monday amid a rally in the broader market. The defence sector stock rose over 3% to a high of Rs 274.45 today against the previous close of Rs 263.70. Market cap of the firm climbed to Rs 94,886 crore. Advertisement

The multibagger stock is trading near the overbought zone, signals its relative strength index (RSI), which stands at 68.8. It has gained 869% in five years and risen 262% in three years.

BHEL shares are trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages.

BHEL shares fell to a 52-week low of Rs 176 on March 3, 2025. Since then, the stock has zoomed 55% from its 52 week low.

PL Capital has a price target of Rs 250 on the stock.

"The stock is currently trading at

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