Bharat Bijlee tumbled 11.2% to Rs 874.10 at 15:15 IST on BSE after the company reported net loss of Rs 3.37 crore in Q1 June 2016 compared with net loss of Rs 4.83 crore in Q1 June 2015.
The result was announced after market hours yesterday, 18 July 2016.Meanwhile, the S&P BSE Sensex was up 1.37 points to 27,748.03.
High volumes were witnessed on the counter. On BSE, so far 40,889 shares were traded in the counter as against average daily volume of 8,484 shares in the past one quarter. The stock hit a high of Rs 907 and a low of Rs 853.30 so far during the day.
Bharat Bijlee's net total income from operations fell 1.15% to Rs 130.27 crore in Q1 June 2016 over Q1 June 2015.
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.
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