Bharat Heavy Electricals rose 2.76% to Rs 182.60 at 13:06 IST on BSE after the company said at the time of announcement of provisional results for FY 2013 that its order inflow jumped 42.68% at Rs 31528 crore in FY 2013 over FY 2012.
The company announced the provisional results during trading hours today, 8 April 2013.
Meanwhile, the S&P BSE Sensex was down 1.16 points or 0.01% at 18,449.07.
On BSE, 5.64 lakh shares were traded in the counter as against average daily volume of 4.52 lakh shares in the past one quarter.
The stock hit a high of Rs 184.35 and a low of Rs 176.15 so far during the day. The stock had hit a 52-week high of Rs 272.45 on 5 October 2012. The stock had hit a 52-week low of Rs 174.50 on 28 March 2013.
The stock underperformed the market over the past one month till 5 April 2013, sliding 10.59% compared with the Sensex's 3.62% fall. The scrip had also underperformed the market in past one quarter, declining 26.69% as against Sensex's 6.74% fall.
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The large-cap state-run firm has equity capital of Rs 489.52 crore. Face value per share is Rs 2.
Bharat Heavy Electricals' (Bhel) provisional net profit declined 7.88% to Rs 6485 crore on 1.01% growth in turnover to Rs 50015 crore in the year ended 31 March 2013 over the year ended 31 March 2012. This is the highest ever turnover for the company, Bhel said. Bhel's profit before tax (PBT) declined 10.39% to Rs 9231 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Bhel said it has achieved the highest ever annual addition of capacity generation of 10,340 megawatts (MW) in FY 2013.
In a bid to steer the company through the period 2012-17, with the objective of achieving revenue growth from multiple streams, focus is in place to expand the company's offerings in the power sector by building EPC capability, consolidating spares and services business, and expanding industry businesses in the areas of Photo Voltaics, Ultra High voltage transmission, and transportation, Bhel said.
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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