New Delhi, June 25 -- BHEL share price traded higher on Wednesday, marking gains for the fourth consecutive session amid strong buying momentum. The defence stock gained 1.63% to Rs.264.15 apiece on the BSE, even as geopolitical tensions in the Middle East appeared to ease following a ceasefire agreement between Israel and Iran.

BHEL shares have climbed nearly 7% over the last four sessions. Investor interest in defence stocks, including BHEL, has seen a resurgence in recent weeks, spurred by heightened geopolitical tensions stemming from the Israel-Iran conflict and the recent military standoff between India and Pakistan.

On Tuesday, trading volumes in BHEL stock surged, with approximately 1 crore equity shares changing hands on the ex...