Bhel stock up 3% on strong order book

Rallying for the second session, Bhel stock rose 3 per cent today as it closed last fiscal, ended March 31, with a strong order book of Rs 43,727 crore - highest in 5 years.
The scrip of the state-owned power equipment maker gained 2.64 per cent to settle at Rs 122.45 on BSE. During the day, it jumped 3 per cent to Rs 122.95.
On NSE, the stock was up 2.97 per cent to close at Rs 122.80.
Volume-wise, 23.25 lakh shares of the company changed hands at BSE and over 2 crore shares were traded at NSE during the day.

The stock had gained 5 per cent in the previous session.
Bhel had said yesterday that it has commissioned all-time high power generation capacity of over 15,000 MW and booked new orders worth Rs 43,727 crore in 2015-16.

The company reported a net profit of Rs 396 crore during the January-March quarter of 2015-16.
The tentative or flash financial results of the company were approved by its board of directors in a meeting held yesterday, Bhel had said in a BSE filing.
Overall, however, Bhel has recorded a provisional loss of Rs 877 crore last fiscal compared with the audited net profit of Rs 1,419 crore in 2014-15.

It further said its turnover was Rs 26,702 crore last fiscal as against Rs 30,947 crore in the preceding fiscal.
However, the company's order inflow or bookings rose to Rs 43,727 crore last fiscal from Rs 30,814 crore in the previous fiscal.