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Bhel recovers after 6-day 10.2% slide

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Capital Market
Last Updated : Jun 26 2013 | 10:30 AM IST

Meanwhile, the S&P BSE Sensex was up 42.26 points or 0.23% at 18,671.41.

On BSE, 74,000 shares were traded in the counter as against average daily volume of 3.54 lakh shares in the past one quarter.

The stock hit a high of Rs 166.40 and a low of Rs 163.50 so far during the day. The stock had hit a 52-week low of Rs 162.40 on Tuesday, 25 June 2013. The stock had hit a 52-week high of Rs 272.45 on 5 October 2012.

The stock had underperformed the market over the past one month till 25 June 2013, sliding 15.17% compared with the Sensex's 5.46% fall. The scrip had also underperformed the market in past one quarter, declining 8.83% as against Sensex's 0.28% fall.

The large-cap state-run power equipment major has equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Shares of Bharat Heavy Electricals (Bhel) had declined 10.28% in six trading sessions to settle at Rs 163.60 on Tuesday, 25 June 2013, from a recent high of Rs 182.35 on 17 June 2013.

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Bhel's net profit fell 4.2% to Rs 3237.54 crore on 2.2% decline in net sales to Rs 18850.16 crore in Q4 March 2013 over Q4 March 2012.

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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First Published: Jun 26 2013 | 10:19 AM IST

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