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(11/02/2026 13:32)

BHEL shares plunge 6% after Government announces OFS

Shares of Bharat Heavy Electricals Ltd (BHEL) tumbled around 6 percent on Wednesday after the government announced plans to divest up to a 5 percent stake in the state-owned engineering major through an Offer for Sale (OFS).

On the National Stock Exchange of India (NSE), the stock slumped 6.10 percent to Rs 259.25 apiece. Meanwhile, on the BSE Ltd, BHEL shares declined 6.07 percent to hit an intraday low of Rs 259.30 per share.

The sharp fall came amid investor reaction to the proposed stake sale, which is expected to increase the government’s divestment proceeds.
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