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Promoters held 0.0 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 16.48 per cent and 5.25 per cent, respectively.

The US Fed could increase the quantum of its bond tapering in the meantime as a signal to the market that it is serious about dealing with price increases.

A total of 4,712 shares changed hands on the counter till 01:41PM (IST).

The stock traded at a P/E multiple of 18.08, while the price-to-book value ratio stood at 1.66.

The stock quoted a 52-week high price of Rs 512.05 and a 52-week low of Rs 288.15.

“We are overweight certain select midcap banks where we think a lot of value can be created. 10% of capital has to be allocated to these new issues which are going to be hallmarks in the near term.”

A total of 25,346 shares changed hands on the counter till 12:59PM (IST)

The Relative Strength Index of the stock stood at 42.47 on Thursday.

Conventional business remains a key challenge for BHEL, Edelweiss said, adding that the value going ahead will hinge on new revenues. This brokerage finds the stock Rs 40-worthy.

Promoters held 48.08 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 27.73 per cent and 8.49 per cent, respectively.