Bharat Electronics hits new high on stock split, good Q3 results

The stock hit a new high of Rs 1,624, up 5.5% on the BSE in intra-day trade

Bharat Electronics hit a new high of Rs 1,624, up 5.5% on the BSE in intra-day trade after the company reported 33% year on year (YoY) jump in its net profit at Rs 373 crore for the quarter ended December 2016 (Q3FY17), on back of strong operational income.

The state-owned company posted 37% growth in total income from operations at Rs 2,191 crore on YoY basis.

Meanwhile, the board approved the sub-division of face value of equity shares from Rs 10 to Re 1. It also declared interim dividend of Rs 3 per equity share for the financial