Shares of Bharat Heavy Electricals Ltd (BHEL) closed 1.19 per cent higher at Rs 289 on Tuesday, placing the stock just 0.60 per cent below its 52-week high of Rs 290.75 touched on November 12. Brokerage Geojit has upgraded the state-owned engineering major to 'Buy' and raised its 12-month target price to Rs 329, signalling a potential upside of 13.84 per cent from the latest close. Advertisement

In its report, Geojit noted that BHEL delivered a steady operational performance in the September quarter (Q2) of FY26. Revenue rose 14.1 per cent year-on-year (YoY) to Rs 7,512 crore. The industry segment posted an 18 per cent increase to Rs 1,836 crore, while the power segment grew 12.9 per cent to Rs 5,676 crore.

The brokerage highlighted BHEL's participation in the NASA-ISRO NISAR mission, w

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