BHEL surged to an 8-month high after winning a ₹6,500-crore order from Adani Power. Analyst Akhilesh Jat advises fresh buying only if the stock closes above ₹272 for two days. Upside target: ₹310, stop-loss: ₹243. Despite strong fundamentals, high valuation with a P/E of 172.21 warrants caution. Stock is up 18.6% in 2025.