Bharat Heavy Electricals lost 2.07% to Rs 141.65 at 11:11 IST on BSE, with the stock sliding on profit booking after 4-day 6.12% rally.
Meanwhile, the S&P BSE Sensex was down 237.45 points or 1.12% at 21,001.91.
On BSE, 2.59 lakh shares were traded in the counter as against average daily volume of 13.20 lakh shares in the past one quarter.
The stock hit a high of Rs 144 and low of Rs 140.60 so far during the day. The stock had hit a 52-week low of Rs 100.35 on 20 August 2013. The stock had hit a 52-week high of Rs 247.50 on 7 December 2012.
The stock had underperformed the market over the past one month till 3 November 2013, gaining 0.63% compared with the Sensex's 6.72% rise. The scrip had also underperformed the market in past one quarter, declining 3.18% as against Sensex's 10.83% rise.
The large-cap state-run power equipment major has equity capital of Rs 489.52 crore. Face value per share is Rs 2.
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Shares of Bharat Heavy Electricals (Bhel) had risen 6.12% in four trading sessions to settle at Rs 144.65 on Sunday, 3 November 2013 from a recent low of Rs 136.30 on 29 October 2013.
Bhel's net profit fell 49.5% to Rs 465.43 crore on 23.7% decline in net sales to Rs 6352.55 crore in Q1 June 2013 over Q1 June 2012. The company unveils Q2 September 2013 results tomorrow, 6 November 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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