BHEL Q2 Shareholding data, Mutual Funds and FIIs raises stakes

New Delhi: Bharat Heavy Electricals Ltd (BHEL) shares its shareholding data with the exchanges on Wednesday.  As per the data, foreign institutional investors raised their stakes during the June-September period. As per data, FIIs currently hold a 9.49% stake in the company up from the 9.10% reported at the end of June.

The government of Singapore’s stake also increased to 1.48% at the end of the September quarter from 1.34% reported in June.

Mutual funds also raised their stake in the company during the July-September period.

As of September 30, mutual fund holding in the company stands at 5.82%, a jump from 5.36% posted at the end of June. Nippon India Small Cap Fund raised its stake to 1.97% from 1.28% during the quarter.

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Last month, the company bagged a contract worth over Rs 6,100 crore from NTPC Ltd for the Sipat Supercritical Thermal Power Project Stage -III.

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