Meanwhile, the BSE Sensex was down 79.86 points or 0.46% to 17,144.50

On BSE, 2,838 shares were traded in the counter as against average daily volume of 2,791 shares in the past one quarter.

The stock hit a high of Rs 1,298 and low of Rs 1,264.55 so far during the day. The stock had hit a 52-week high of Rs 1,699.95 on 3 August 2011. It hit a 52-week low of Rs 1,124.60 on 31 July 2012.

The stock underperformed the market over the past one month till 2 August 2012, falling 4.97% compared with the Sensex's 1% fall. The scrip had also underperformed the market in past one quarter, sliding 12.03% as against Sensex's 0.45% fall.

The mid-cap state-run firm has an equity capital of Rs 80 crore. Face value per share is Rs 10.

Bharat Electronics reported 84.26% slide in net profit to Rs 19.32 crore on 15.3% decline in net sales to Rs 779.21 crore in Q1 June 2012 over Q1 June 2011. The result was announced during market hours on Monday, 30 July 2012.

State-run Bharat Electronics is a major supplier of products and turnkey systems to the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad. The Government of India (GoI) owned 75.86% stake in Bharat Electronics (as per the shareholding pattern as on 30 June 2012).