Bhel extends post-result gains

Bharat Heavy Electricals rose 1.39% to Rs 244.35 at 11:12 IST on BSE, with the stock extending yesterday's gain triggered by reporting strong results on sequential basis in Q4 March 2015.

Meanwhile, the S&P BSE Sensex was down 44.35 points or 0.16% at 27,487.06

On BSE, so far 4.15 lakh shares were traded in the counter as against average daily volume of 2.86 lakh shares in the past one quarter.

The stock hit a high of Rs 248.40 and a low of Rs 239.05 so far during the day. The stock had hit a 52-week high of Rs 299.50 on 4 February 2015. The stock had hit a 52-week low of Rs 195.10 on 7 October 2014.

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

Bharat Heavy Electricals (Bhel) reported 317.85% surge in net profit to Rs 888.35 crore on 104.68% growth in total income from operations to Rs 12686.03 crore in Q4 March 2015 over Q3 December 2014. Net profit plunged 51.84% to Rs 888.35 crore on 15.6% decline in total income from operations to Rs 12686.03 crore in Q4 March 2015 over Q4 March 2014. The result was announced at the fag end of trading session yesterday, 26 May 2015, when the stock rose 2.88% to settle at Rs 241.

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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