Bhel slips on profit booking

Bharat Heavy Electricals fell 2.67% to Rs 249.40 at 12:46 IST on BSE on profit booking after the stock rose 6.11% in the preceding four trading sessions to Rs 256.25 on 25 June 2015, from a recent low of Rs 241.50 on 19 June 2015.

Meanwhile, the BSE Sensex was down 201.83 points, or 0.72%, to 27,694.14.

On BSE, so far 1.68 lakh shares were traded in the counter, compared with an average volume of 5.71 lakh shares in the past one quarter.

The stock hit a high of Rs 255.90 and a low of Rs 248.20 so far during the day. The stock hit a 52-week high of Rs 299.50 on 4 February 2015. The stock 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 25 June 2015, rising 9.39% compared with 0.91% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 8.31% as against Sensex's 0.77% fall.

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

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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