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BHEL continued its bull run from Monday. The scrip was a buyer's favourite after the company announced its results and also made public its intention to acquire companies in the US and Europe. Dealers say that a large mutual fund house is buying big chunks of the scrip. The scrip touched its 52-week high of Rs 2,353 during Tuesday's trade. The company's prospects are also being reviewed in light of the announcement that they are in talks with General Electric, Alstom and Siemens to make nuclear power generating units. Overall, the counter netted gains of Rs 33.30 on Tuesday. Dealers say that since Monday, operators have also been very active in this counter. This may result in volatility in the scrip, if they have a short-term focus, they caution.

Veena Venugopal

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