Bharat Heavy Electricals lost 0.78% to Rs 140.45 at 10:02 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 393.42 points or 2.04% at 19,663.48.
On BSE, 6.26 lakh shares were traded in the counter as against average daily volume of 9.30 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 3.21% at the day's low of Rs 137 so far during the day. The stock rose as much as 3.42% at the day's high of Rs 146.40 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 100.35 on 20 August 2013.
The stock had outperformed the market over the past one month till 6 September 2013, surging 25.32% compared with the Sensex's 2.87% rise. The scrip had, however, underperformed the market in past one quarter, declining 26.35% as against Sensex's 1.28% 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 rallied 18.55% in three sessions to settle at Rs 141.55 on Friday, 6 September 2013, from a recent low of Rs 119.40 on 3 September 2013.
Meanwhile, Bhel said after market hours on Friday, 6 September 2013, that consequent upon the merger of Bharat Heavy Plate & Vessels (BHPV) with the company, the BHPV plant is renamed as Heavy Plates & Vessels Plant (HPVP) and designated as the 17th manufacturing unit of Bhel located at Vishakhapatnam, Andhra Pradesh.
Bhel's net profit fell 49.5% to Rs 465.43 crore on 23.7% decline in net sales to Rs 6352.55 crore in Q1 June 2013 over Q1 June 2012.
Bhel had an outstanding order book position of about Rs 108600 crore as on 30 June 2013, lower than Rs 115160 crore as on 31 March 2013 and Rs 122300 crore as on 30 June 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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