Bharat Heavy Electricals fell 3.34% to Rs 185.40 at 11:11 IST on BSE, extending Friday's 1.24% fall triggered by the company's weak Q2 September 2015 results announced during market hours on Friday, 6 November 2015.
Meanwhile, the BSE Sensex was down 271.02 points, or 1.03%, to 25,994.22.
On BSE, so far 4.28 lakh shares were traded in the counter, compared with an average volume of 5.73 lakh shares in the past one quarter.
The stock hit a high of Rs 190 and a low of Rs 184.65 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 184.35 on 6 November 2015.
The stock had underperformed the market over the past one month till 6 November 2015, sliding 3.16% compared with 2.48% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 32.03% as against Sensex's 7.18% decline.
The large-cap company has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.
Bharat Heavy Electricals' (Bhel) reported net loss of Rs 204.90 crore in Q2 September 2015 compared with net profit of Rs 124.84 crore in Q2 September 2014. Total income declined 0.45% to Rs 6311.23 crore in Q2 September 2015 over Q2 September 2014.
Shares of Bhel declined 1.24% to Rs 191.80 on Friday, 6 November 2015. The stock has fallen 4.53% in two trading sessions from Rs 194.20 on Thursday, 5 November 2015.
Bhel's outstanding order book position as on 30 September 2015 stood at Rs 1.12 lakh crore.
Meanwhile, Bhel after market hours on Friday, 6 November 2015 said it has secured prestigious orders, cumulatively valued at Rs 4614 crore, for setting up two supercritical thermal power projects involving one unit each of the country's highest rating 800 megawatts (MW) sets in Andhra Pradesh.
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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