- The latest quarterly earnings results have brought headwinds to BHEL share price, but a strong order book offers some reprieve.
Mounting losses have sent BHEL share price to the second successive daily decline as investors react to its latest earnings report. The stock is down by 11% in the last month and lost nearly 5% on the daily chart on Thursday, after the company more than doubled its losses. BHEL saw its losses pile up from ₹212.12 crore to ₹454.89 crore in Q1FY 2026, with expenses spiking by 7% during the reported period.
In terms of technical outlook, BHEL share price is below key moving averages, including the 5, 20, 50 and 200-day MAs on the daily chart, reaffirming the bearish hold. Many brokerage firms have downgraded their outlooks for BHEL, adding to the sour sentiment surrounding the stock. Notably, today’s loss has also seen BHEL share price drop to three-month lows of ₹222. This set up signals that the stock will likely struggle to regain its footing in the medium-term.
On a brighter side, BHEL (NSE: BHEL) has a relatively large order book, which could help it revamp its earnings. However, investors will likely be concerned about its ability to clear the current backlog. The company had ₹2.04 trillion worth of orders at the end of Q1 2026 and it recently won a ₹6,500 crore order from Adani Power in June 2025. However, order execution rose by just 4% in that quarter, resulting in flat revenue. A continuation of that trend could bring more headwinds to BHEL share price.
BHEL Share Price Prediction
BHEL share price has its pivot at ₹230 and action below that level favours the sellers to be in control. That will likely see the first support established at ₹223. However, an extended control by the sellers will break below that level and potentially test ₹220.
Conversely, going above ₹230 will invite the buyers to take control. With that, BHEL share price will likely find the first barrier at ₹235. The downside narrative will be invalid if the price breaks below that level. In addition, an extended control by the buyers could result in further gains to test ₹240.
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