Bharat Heavy Electricals fell 2.93% to Rs 155.90 at 11:09 IST on BSE, extending Wednesday's 1.71% fall triggered by the company's weak Q3 December 2013 results.
The company announced the result during trading hours on Wednesday, 5 February 2014. The stock has fallen 4.59% in two sessions from Rs 163.40 on Tuesday, 4 February 2014.
Meanwhile, the BSE Sensex was down 109.62 points, or 0.54%, to 20,151.41.
On BSE, so far 3.95 lakh shares were traded in the counter, compared with an average volume of 8.05 lakh shares in the past one quarter.
The stock hit a high of Rs 158 and a low of Rs 153.40 so far during the day. The stock hit a 52-week high of Rs 214.45 on 6 February 2013. The stock hit a 52-week low of Rs 100.35 on 20 August 2013.
The stock had underperformed the market over the past one month till 5 February 2014, falling 3.31% compared with the Sensex's 2.83% fall. The scrip had, however, outperformed the market in past one quarter, rising 12.86% as against Sensex's 3.40% decline.
The large-cap company has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.
Bharat Heavy Electricals' (Bhel) net profit fell 41.21% to Rs 694.81 crore on 15.41% decline in total income to Rs 8925.63 crore in Q3 December 2013 over Q3 December 2012.
Consequent to merger of Bharat Heavy Plates & Vessels (BHPV) with the company with effect from 30 August 2013, the financial results of HPVP unit (erstwhile BHPV) have been included in the above results. In view of this, figures for the current reporting period are not comparable with the figures in corresponding period of previous year, the company said in a statement.
Bhel has an outstanding order book position of about Rs 100600 crore at the end of Q3 December 2013.
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.
Powered by Capital Market - Live News
