Bhel declines on dismal Q2 results

Bharat Heavy Electricals dropped 1.88% to Rs 242.25 at 13:15 IST on BSE after the company reported 72.61% fall in net profit to Rs 124.84 crore on 33.13% fall in total income to Rs 6340.14 crore in Q2 September 2014 over Q2 September 2013.

The company announced Q2 results during market hours today, 14 November 2014.

Meanwhile, the S&P BSE Sensex was up 59.58 points or 0.21% at 27,985.94.

On BSE, so far 6.45 lakh shares were traded in the counter as against average daily volume of 5.76 lakh shares in the past one quarter.

The stock hit a high of Rs 248.70 and a low of Rs 236.25 so far during the day. The stock had hit a 52-week high of Rs 291.50 on 26 May 2014. The stock had hit a 52-week low of Rs 131.05 on 13 November 2013.

The stock had outperformed the market over the past one month till 13 November 2014, gaining 13.26% compared with the Sensex's 5.9% rise. The scrip had also outperformed the market in past one quarter, gaining 18.13% as against Sensex's 7.8% rise.

The large-cap electric equipment maker has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Bhel has an outstanding order book position of about Rs 103700 crore as at 30 September 2014.

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