Bhel declined 4.02% to Rs 164.80 at 9:48 IST on BSE on profit booking after the stock jumped 17.28% in the preceding eight sessions to Rs 171.70 on 9 December 2013, from a recent low of Rs 146.40 on 27 November 2013.
Meanwhile, the BSE Sensex was down 65.15 points, or 0.31%, to 21,261.27.
On BSE, 2.03 lakh shares were traded in the counter compared with average volume of 9.78 lakh shares in the past one quarter.
The stock hit a high of Rs 172 and a low of Rs 165 so far during the day. The stock hit a 52-week high of Rs 246 on 10 December 2012. The stock hit a 52-week low of Rs 100.35 on 20 August 2013.
The stock had outperformed the market over the past one month till 9 December 2013, rising 26.76% compared with the Sensex's 3.19% rise. The scrip had also outperformed the market in past one quarter, gaining 21.30% as against Sensex's 10.67% rise.
The large-cap company has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.
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Bhel's net profit fell 64.2% to Rs 455.95 crore on 15.2% decline in net sales to Rs 8819 crore in Q2 September 2013 over Q2 September 2012.
Bhel said that the results for the quarter and half year ended 30 September 2013 includes financial results of HPVP unit (erstwhile BHPV). Consequent to this, impact of HPVP unit for and upto the quarter ended on 30 September 2013 includes turnover of Rs 16.69 crore and loss of Rs 191.35 crore before tax. The impact on Reserves & Surplus is reduction by Rs 311 crore, Bhel said. In view of this, figures for the current reporting period are not comparable with the previously reported period figures, Bhel added.
Bhel's order book stood at Rs 102300 crore as on 30 September 2013.
Bhel is the largest engineering and manufacturing enterprise in India in the energy related/infrastructure sector. The company caters to the core sectors including power, transmission, industry, transportation, renewable energy, oil & gas and defence.
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