Bhel drops in volatile trade

Bharat Heavy Electricals fell 0.35% to Rs 281.20 at 11:54 IST on BSE, with the stock sliding amid volatility after the firm said it has successfully commissioned the 500 megawatts Unit-13 of Vindhyachal Super Thermal Power Station, Stage-V of NTPC.

The announcement was made during market hours today, 7 August 2015.

Meanwhile, the S&P BSE Sensex was down 13.20 points or 0.05% at 28,284.93.

On BSE, so far 1.71 lakh shares were traded in the counter as against average daily volume of 5.06 lakh shares in the past one quarter.

The stock was volatile. The stock dropped as much as 0.54% at the day's low of Rs 280.65 so far during the day. The stock rose as much as 0.63% at the day's high of Rs 284 so far during the day. The stock had hit a 52-week low of Rs 195.10 on 7 October 2014. The stock had hit a 52-week high of Rs 299.50 on 4 February 2015.

The stock had outperformed the market over the past one month till 6 August 2015, surging 8.79% compared with Sensex's 0.32% rise. The scrip had also outperformed the market in past one quarter, jumping 22.94% as against Sensex's 5.92% rise.

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

Bharat Heavy Electricals (Bhel) said that it has added one more coal-based power plant to the grid by successfully commissioning the 500 megawatts (MW) Unit-13 of Vindhyachal Super Thermal Power Station (STPS), Stage-V of NTPC. The project is located in Vindhyanagar in Singrauli district of Madhya Pradesh.

Notably, in the current financial year, Bhel has already commissioned power plants with a cumulative capacity of 2,480 MW, the company said in a statement.

Bhel is scheduled to announce its Q1 June 2015 results today, 7 August 2015. The company's net profit fell 51.8% to Rs 888.35 crore on 16.2% decline in net sales to Rs 12368.43 crore in Q4 March 2015 over Q4 March 2014.

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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