Bharat Heavy Electricals rose 1.94% to Rs 196.60 at 15:14 IST on BSE, with the stock recovering on bargain hunting after recent slide triggered by the company reporting weak Q4 results.
Meanwhile, the S&P BSE Sensex was up 322.10 points or 1.63% at 20,026.43.
On BSE, 2.88 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 197.20 and a low of Rs 187.60 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 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) had declined 6.2% in three trading sessions to settle at Rs 192.85 on Friday, 24 May 2013, from a recent high of Rs 205.60 on 21 May 2013.
Bhel reported weak Q4 results during market hours on 23 May 2013. The company's net profit fell 4.2% 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 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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