Meanwhile, the S&P BSE Sensex rose 68.31 points, or 0.35%, to 19,742.64.
On BSE, 2.61 lakh shares were traded in the counter as against average daily volume of 4.23 lakh shares in the past one quarter.
The stock hit a high of Rs 198.35 and a low of Rs 190.45 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 174.50 on 28 March 2013.
The stock had outperformed the market over the past one month till 23 May 2013, rising 3.6% compared with the Sensex's 2.58% rise. The scrip, however, underperformed the market in past one quarter, sliding 4.44% as against Sensex's 1.85% rise.
The large-cap state-run firm has equity capital of Rs 489.52 crore. Face value per share is Rs 2.
Shares of Bharat Heavy Electricals (Bhel) declined 4.84% in two trading days from its recent high of Rs 203.40 on 22 May 2013 after the company reported weak Q4 results during market hours on Thursday, 23 May 2013.
Bhel reported 4.2% fall in net profit 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's net profit fell 6% to Rs 6614.73 crore on 0.6% rise in total income to Rs 49546.36 crore in the year ended March 2013 over the year ended March 2012.
On a consolidated basis, Bhel's net profit fell 5.6% to Rs 6693.37 crore on 0.8% rise in total income to Rs 50048.74 crore in the year ended March 2013 over the year ended March 2012.
The board of Bhel has recommended a final dividend of Rs 3.29 per share for the year ended March 2013.
Meanwhile, Bhel's board of directors has scheduled an extraordinary general meeting on 27 June 2013 to seek approval of the shareholders for the modified draft rehabilitation scheme incorporating amalgamation with its wholly owned subsidiary Bharat Heavy Plate & Vessels.
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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