Bhel advances after bulk deal

Bharat Heavy Electricals rose 1.77% to Rs 169.15 at 09:37 IST on BSE, after a bulk deal was executed on the counter today, 16 January 2014.

A bulk deal of 11.01 lakh shares was struck on the Bharat Heavy Electricals (Bhel) counter at Rs 166.75 per share at 09:24 IST on BSE today, 16 December 2014. The bulk deal saw 0.04% of Bhel's equity changing hands.

Meanwhile, the S&P BSE Sensex was up 52.10 points or 0.24% at 21,341.59

On BSE, so far 11.88 lakh shares were traded in the counter as against average daily volume of 7.44 lakh shares in the past one quarter.

The stock hit a high of Rs 169.40 and a low of Rs 166.35 so far during the day. The stock had hit a 52-week high of Rs 233.30 on 21 January 2013. The stock had hit a 52-week low of Rs 100.35 on 20 August 2013.

The stock had outperformed the market over the past one month till 15 January 2014, rising 7.33 % compared with the Sensex's 2.77% rise. The scrip also outperformed the market in past one quarter, jumping 13.95% as against Sensex's 3.61% rise.

The large-cap company has equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Bhel's net profit fell 64.2% to Rs 455.95 crore on 15.2% decline in net sales to Rs 8819 crore in Q2 September 2013 over Q2 September 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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