Bhel inches up after commissioning power plant units of NTPC

Shares of NTPC were off 0.59% at Rs 135.75.

Meanwhile, the S&P BSE Sensex was up 171.58 points or 0.65% at 26,596.88.

On BSE, so far 1.16 lakh shares were traded in the counter as against average daily volume of 3.86 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 1.35% at the day's high of Rs 251.30 so far during the day. The stock fell as much as 0.6% at the day's low of Rs 246.45 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 stock had outperformed the market over the past one month till 12 June 2015, surging 11.36% compared with Sensex's 1.68% fall. The scrip had also outperformed the market in past one quarter, declining 5.94% as against Sensex's 8.66% fall.

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

Significantly, all the four units of the project have been commissioned by the company within a short span of just 75 days, commencing with the commissioning of the first unit on 30 March 2015, Bharat Heavy Electricals (Bhel) said.

Bhel'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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