Bharat Heavy Electricals rose 1.2% to Rs 151.55 at 11:56 IST on BSE on bargain hunting after declining 10.03% in preceding four trading days to Rs 149.75 yesterday, 11 January 2016 from a recent high of Rs 166.45 on 5 January 2016.
Meanwhile, the BSE Sensex was down 127.27 points, or 0.51%, to 24,697.77
On BSE, so far 1.79 lakh shares were traded in the counter, compared with an average volume of 4.92 lakh shares in the past one quarter. The stock hit a high of Rs 153.40 and a low of Rs 150 so far during the day. The stock hit a 52-week high of Rs 299.50 on 4 February 2015. The stock hit a 52-week low of Rs 148.30 yesterday, 11 January 2016. The stock had underperformed the market over the past one month till 11 January 2016, falling 9.49% compared with 0.88% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 25.88% as against Sensex's 8.33% decline.
The large-cap company has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.
Bhel reported net loss of Rs 204.90 crore in Q2 September 2015 compared with net profit of Rs 124.84 crore in Q2 September 2014. Net sales declined 3.2% to Rs 5834.95 crore in Q2 September 2015 over Q2 September 2014.
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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