BHEL shares dropped for the third straight day, falling over 1% on February 21 due to an arbitration case. Source Money Control
Ducon Technologies and Ducon Infratechnologies filed an arbitration case to recover nearly ₹27 crore from BHEL-BAP Ranipet.
The stock had already dropped 5% on February 18 when the arbitration case was first reported.
Investors worry about the financial impact of the arbitration, leading to continued selling pressure on BHEL shares.