Shares of BHEL and other capital goods companies fell sharply on Thursday after reports that the government may lift five-year-old restrictions on Chinese firms bidding for contracts. BHEL closed 9% lower at Rs 276.90, while ABB, Siemens, and L&T also saw declines, despite BHEL’s 20% one-year outperformance.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets