Stocks of state-run power equipment manufacturer BHEL (Bharat Heavy Electricals Limited) Wednesday fell around seven percent at Rs.209 from its previous close.
On the Bombay Stock Exchange (BSE), the scrip of the power equipment manufacturer fell about 6.57 percent at Rs.209 from its previous close of Rs.223.70, on the back of sluggish first quarters results announced Tuesday.
The scrip touched a low of Rs.205 in the intra-day.
The company's net profit fell by 58.4 percent at Rs.193.5 crore from Rs.465.4 crore in the corresponding period of last year.
Another state-run enterprise Engineers India's scrip fell by 13.89 percent at Rs.238.70 from its previous close of Rs.277.20. The scrip touched the day's low of Rs.236.90 in the intra-day.
The design and engineering consultancy major's net profit dropped by 10.3 percent in the first quarter of the current fiscal at Rs.80 crore from Rs.129 crore in the corresponding quarter of the last fiscal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app