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Bhel inches up after good Q1 earnings
Bharat Heavy Electricals rose 0.99% to Rs 218.40 at 12:35 IST on BSE after net profit rose 12.92% to Rs 920.90 crore on 16.46% growth in total income to Rs 8805.28 crore in Q1 June 2012 over Q1 June 2011.
The company announced the results during trading hours today, 26 July 2012.
Meanwhile, the BSE Sensex was down 14.63 points or 0.09% to 16,831.42.
On BSE, 6.05 lakh shares were traded in the counter as against average daily volume of 6.72 lakh shares in the past one quarter.
The stock hit a high of Rs 219.45 and a low of Rs 213.15 so far during the day.
The stock had underperformed the market over the past one month till 25 July 2012, falling 0.57% compared with the Sensex's 0.21% fall. The scrip had also underperformed the market in past one quarter, sliding 6.71% as against Sensex's 1.78% fall.
Bharat Heavy Electricals' (Bhel) order book stood at Rs 132900 crore as on 30 June 2012, lower than Rs 134681 crore as on 31 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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