Bharat Heavy Electricals was up 0.75% to Rs 86.90 at 14:42 IST on BSE, coming off day's low after the company secured Rs 736 crore order for nuclear steam generators.
Meanwhile, the S&P BSE Sensex was up 469.48 points, or 1.41% to 33,776.62.On the BSE, 5.31 lakh shares were traded in the counter so far compared with average daily volumes of 7.58 lakh shares in the past two weeks.
The stock was volatile. The stock rose 0.87% at the day's high of 87 in intraday trade. The stock fell 1.33% at the day's low of 85.10 in intraday trade.
The stock hit a 52-week high of Rs 121.83 on 25 April 2017. The stock hit a 52-week low of Rs 80.97 on 11 August 2017.
Bharat Heavy Electricals (Bhel) said it secured an order worth Rs 736 crore from Nuclear Power Corporation of India (NPCIL) for supplying steam generators. The order was received against competitive bidding.
Net profit of Bhel rose 63.77% to Rs 153.19 crore on 5.04% rise in net sales to Rs 6494.44 crore in Q3 December 2017 over Q3 December 2016.
Bhel is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies of its kind in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
