Shares of BHEL today surged nearly 6 per cent, adding Rs 1,934 crore to its market valuation, after the company posted a net profit of Rs 93.54 crore for the quarter ended on December 31, 2016.
The stock gained 5.49 per cent to settle at Rs 151.90 on BSE. During the day, it surged 7.56 per cent to Rs 154.90.
On NSE, shares of the company rose by 5.58 per cent to close at Rs 152.10.
Led by the jump in the stock price, the company's market valuation soared by Rs 1,934.04 crore to Rs 37,179.04 crore.
On the volume front, 58.84 lakh shares of the company were traded on BSE and over 4 crore shares changed hands at NSE during the day.
State-run engineering major BHEL today posted a net profit of Rs 93.54 crore for the quarter ended on December 31, 2016, on the back of higher income from power segment.
The company had reported a net loss of Rs 1,084.96 crore for the quarter ended December 31, 2015.
Total income increased to Rs 6,461.22 crore for the quarter ended December 31, 2016, from Rs 5,498.07 crore for the quarter ended December 31, 2015, BHEL said in a BSE filing.
BHEL also informed that its board has approved payment of interim dividend at the rate of 40 per cent (Rs 0.80 per share) on the paid up share capital for 2016-17 and interim dividend shall be paid/dispatched on February 22, 2017.
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