Bhel slides after Q2 earnings

Bharat Heavy Electricals rose 3.88% to Rs 73 at 12:07 IST on BSE after net profit declined 60.43% to Rs 185.17 crore on 6.35% increase in total income from operations to Rs 6779.88 crore in Q2 September 2018 over Q2 September 2017.

The result was announced during trading hours today, 25 October 2018.

Meanwhile, the S&P BSE Sensex was down 351.15 points, or 1.03% to 33,682.81.

On the BSE, 10.60 lakh shares were traded in the counter so far compared with average daily volumes of 4.92 lakh shares in the past two weeks. The stock had hit a high of Rs 76.50 and a low of Rs 72.55 so far during the day. The stock hit a 52-week high of Rs 108 on 23 January 2018. The stock hit a 52-week low of Rs 64.50 on 17 July 2018.

Bharat Heavy Electricals (Bhel) is one of the largest engineering and manufacturing companies of its kind in India engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services with over 180 product offerings to meet the ever-growing needs of the core sectors of economy.

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