Bharat Bijlee lost 2.32% to Rs 1,418.85 at 12:21 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 126.65 points, or 0.4% at 31,164.09. The S&P BSE Small-Cap index was down 273.67 points, or 1.75% at 15,335.82.
On the BSE, 14,000 shares were traded on the counter so far as against the average daily volumes of 15,969 shares in the past one quarter. The stock had hit a high of Rs 1,469.50 and a low of Rs 1,402.10 so far during the day. The stock had hit a 52-week high of Rs 1,498.70 on 22 June 2017 and a 52-week low of Rs 719.75 on 17 August 2016.
The stock had outperformed the market over the past one month till 22 June 2017, advancing 35.6% compared with the Sensex's 2.35% rise. The scrip had also outperformed the market over the past one quarter gaining 73.04% as against the Sensex's 7.28% rise. The scrip had also outperformed the market over the past one year advancing 57.09% as against the Sensex's 16.91% rise.
The small-cap company has equity capital of Rs 5.65 crore. Face value per share is Rs 10.
Shares of Bharat Bijlee had rallied 22.8% in the preceding four trading sessions to settle at Rs 1,452.50 yesterday, 22 June 2017, from its close of Rs 1,182.85 on 16 June 2017.
Bharat Bijlee's net profit spurted 317.5% to Rs 10.27 crore on 31.2% increase in net sales to Rs 222.12 crore in Q4 March 2017 over Q4 March 2016.
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Bharat Bijlee is one of the leading electrical engineering companies in India. The company's main business segments are transformers, projects, electric motors, elevator systems and drives & automation.
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