Big movement was seen in BHEL shares today because the government has announced to sell 5% stake through Offer For Sale (OFS). The floor price of this OFS has been kept at ₹254 per share, the effect of which is already visible in the market. Yesterday BHEL share was seen trading at ₹260 down by 5.5%. Government is selling 3% stake, and also has a green shoe option of 2%. In short term there may be pressure due to increase in supply, but in long term strong order book and capex focus is positive for BHEL. Investors should not just focus on discount but also on fundamentals.
BHEL Stake Sale Explained | What is Green Shoe Option? | Money Live | BHEL Stake Sale Explained | What is Green Shoe Option?
