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In the Nifty500 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on February 7, according to stockedge.com's technical scan data.
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Shares of Bharat Heavy Electricals Limited (BHEL) rose 3.5% after receiving a Letter of Intent for the BF800 HVDC project from Rajasthan Part I Power Transmission. Additionally, BHEL secured an Rs 8,000 crore order from Maharashtra State Power Generation for a thermal power station project. BHELs shares have offered 264.17% returns over the last three years.
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Chandan Healthcare's Rs 107 crore SME IPO will open for subscription on Monday, targeting a listing on the NSE SME platform. The company plans to use the IPO proceeds to set up new diagnostic centres and laboratories in Uttar Pradesh. Chandan Healthcare operates an extensive diagnostic network in North India, providing pathology and radiology services.
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