Bharat Bijlee jumps after turnaround in Q2

Bharat Bijlee spurted 7.76% to Rs 632 at 11:49 IST on BSE after the company reported net profit of Rs 0.67 crore in Q2 September 2015 compared with net loss of Rs 10.01 crore in Q2 September 2014.

The result was announced after market hours yesterday, 27 October 2015.

Meanwhile, the S&P BSE Sensex was down 164.15 points or 0.6% at 27,089.29.

On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 2,238 shares in the past one quarter.

The stock hit a high of Rs 645 and a low of Rs 599 so far during the day. The stock had hit a 52-week high of Rs 817.50 on 8 December 2014. The stock had hit a 52-week low of Rs 517.75 on 7 September 2015.

The stock had underperformed the market over the past one month till 27 October 2015, gaining 4.97% compared with Sensex's 5.37% rise. The stock had also underperformed the market in past one quarter, declining 9.07% as against Sensex's 1.12% fall.

The small-cap company has equity capital of Rs 5.65 crore. Face value per share is Rs 10.

Bharat Bijlee's net sales declined 10.8% to Rs 132.80 crore in Q2 September 2015 over Q2 September 2014.

Bharat Bijlee is one of the leading electrical engineering companies in India. The company's main business segments are transformers, projects, electric motors, elevator systems and drives & automation.

Powered by Capital Market - Live News