BHEL outperforms NTPC as divergence widens since April 1, 2026
Bharat Heavy Electricals (BHEL) has outperformed NTPC in recent months, with the divergence now around 80 percentage points since April 1, 2026. Kotak Institutional Equities’ reverse valuation points to a more optimistic market view for BHEL’s future.
Shares of Bharat Heavy Electricals (BHEL) have outperformed NTPC in recent months, with the divergence now standing at around 80 percentage points since April 1, 2026. Kotak Institutional Equities' reverse valuation exercise suggests the market is significantly more optimistic about BHEL's future outlook than NTPC's.