Bhel drops after reporting marginal rise in bottom line in Q1

Bharat Heavy Electricals lost 4.43% to Rs 127.25 at 13:39 IST on BSE after net profit rose 3.92% to Rs 80.82 crore on 2.04% growth in total income to Rs 6194.21 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 10 August 2017.

Meanwhile, the S&P BSE Sensex was down 169.04 points or 0.53% at 31,628.80.

On the BSE, 11.06 lakh shares were traded on the counter so far as against the average daily volumes of 6.57 lakh shares in the past one quarter. The stock had hit a high of Rs 135.15 and a low of Rs 126.55 so far during the day. The stock had hit a 52-week high of Rs 182.65 on 25 April 2017 and a 52-week low of Rs 116.15 on 27 December 2016.

The stock had underperformed the market over the past one month till 9 August 2017, sliding 1.59% compared with the Sensex's 1.39% rise. The stock had also underperformed the market over the past one quarter, declining 24.69% as against the Sensex's 6.23% rise. The scrip had also underperformed the market over the past one year, declining 4.65% as against the Sensex's 13.22% rise.

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

Bharat Heavy Electricals (Bhel) has an outstanding order book position of Rs 101380 crore as at 30 June 2017.

The Government of India currently holds 63.06% stake in Bhel (as per the shareholding pattern as on 31 March 2017).

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