Bhel drops ahead of FY13 results

Meanwhile, the S&P BSE Sensex was down 343.09 points or 1.71% at 19,719.15.

On BSE, 3.18 lakh shares were traded in the counter as against average daily volume of 4.17 lakh shares in the past one quarter.

The stock hit a high of Rs 201.50 and a low of Rs 194 so far during the day. The stock had hit a 52-week high of Rs 272.45 on 5 October 2012. The stock had hit a 52-week low of Rs 174.50 on 28 March 2013.

The stock had outperformed the market over the past one month till 22 May 2013, rising 6.3% compared with the Sensex's 4.66% rise. The scrip, however, underperformed the market in past one quarter, falling 0.73% as against Sensex's 3.86% rise.

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

Bharat Heavy Electricals (Bhel) declares FY 2013 results today, 23 May 2013.

Bhel had reported 7.88% fall in provisional net profit to Rs 6485 crore on 1.01% growth in turnover to Rs 50015 crore in the year ended 31 March 2013 over the year ended 31 March 2012. It was the highest ever turnover for the company, Bhel said. Bhel's profit before tax (PBT) declined 10.39% to Rs 9231 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). Bhel had declared provisional results on 8 April 2013.

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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