Bhel slips after weak Q4 numbers

The result was announced during market hours today, 23 May 2013.

Meanwhile, the S&P BSE Sensex fell 387.91 points, or 1.93%, to 19,674.33.

On BSE, 7.46 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 191 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) net profit fell 6.04% to Rs 6614.73 crore on 0.61% rise in total income to Rs 49546.36 crore in the year ended March 2013 over the year ended March 2012.

On a consolidated basis, net profit fell 5.56% to Rs 6693.37 crore on 0.84% rise in total income to Rs 50044.60 crore in the year ended March 2013 over the year ended March 2012.

The board of Bhel has recommended a final dividend of Rs 3.29 per share for the year ended March 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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