Bhel slips ex-dividend

Meanwhile, the BSE Sensex was down 36.64 points or 0.19% at 19,714.55

On BSE, 3.69 lakh shares were traded in the counter as against an average daily volume of 4.14 lakh shares in the past one quarter.

The stock hit a high of Rs 216.80 and a low of Rs 212.05 so far during the day. The stock had hit a 52-week high of Rs 328.35 on 22 February 2012. The stock had hit a 52-week low of Rs 195.05 on 12 September 2012.

The stock had underperformed the market over the past one month till 4 February 2013, falling 9.57% compared with the Sensex's 0.17% fall. The scrip also underperformed the market in past one quarter, falling 4.34% as against Sensex's 5.31% rise.

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

Before turning ex-dividend, the Bharat Heavy Electricals (Bhel) stock offered a dividend yield of 0.96% based on the closing price of Rs 219.20 on Monday, 4 February 2013.

Shares of Bhel declined 6.61% in three trading days from a recent high of Rs 227.70 on 31 January 2013 after reporting weak results for Q3 December 2012. The company announced Q3 results during trading hours on Friday, 1 February 2013.

Bhel reported 17.5% fall in net profit to Rs 1181.85 crore on 3.2% decline in total income to Rs 10552.09 crore in Q3 December 2012 over Q3 December 2011.

Bhel's order backlog stood at Rs 113700 crore as of 31 December 2012.

Bhel's board of directors at a meeting held on Friday, 1 February 2013, declared an interim dividend of Rs 2.12 per share for the year ending 31 March 2013. The record date for interim dividend was set a

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