New Delhi, Jan. 12 -- Bharat Heavy Electricals Ltd (BHEL) share price declined nearly 6% on Monday, extending losses for the third consecutive session. The PSU stock dropped as much as 5.97% to Rs.258.30 apiece on the BSE.

BHEL share price has slumped 15% in three trading sessions. Trading volumes in BHEL shares spurred and were double than the monthly average. Around 2 crore equity shares of BHEL changed hands on stock exchanges on January 12 as compared to its one month average trading volume of 1 crore shares.

The fall in BHEL stock price came amid a broader sell-off on capital goods stocks amid media reports last week that the finance ministry was planning to scrap a five-year-old restriction on Chinese firms bidding for government ...