Bharat Bijlee scales fresh 13-year high; zooms 45% in 2-weeks post Q2 nos

In Q2FY22, power systems segment posted PBIT of Rs 7.16 crore against loss of Rs 2.10 crore in Q2FY21.

Shares of Bharat Bijlee hit an over 13-year high at Rs 1,950, on rallying 7 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market. The stock was trading at its highest level since June 2008. In comparison, the S&P BSE Sensex was down 0.71 per cent at 59,922 points at 10:11 am.

In past two weeks, Bharat Bijlee has outperformed the market by zooming after its power systems business reported a robust performance for the quarter ended September 2021 (Q2FY22).

The company’s profit after tax (PAT) more-than-doubled to Rs 14.39 crore in Q2FY22,