Bharat Heavy Electricals rose 1.27% to Rs 252.50 at 9:22 IST on BSE on profit booking after the stock jumped 16.73% in the preceding 10 trading sessions to Rs 255.75 on 31 October 2014, from a recent low of Rs 219.10 on 16 October 2014.
Meanwhile, the BSE Sensex was down 11.66 points, or 0.04%, to 27,854.17.
On BSE, so far 54,000 shares were traded in the counter, compared with an average volume of 6.02 lakh shares in the past one quarter.
The stock hit a high of Rs 258 and a low of Rs 252.50 so far during the day. The stock hit a 52-week high of Rs 291.50 on 26 May 2014. The stock hit a 52-week low of Rs 131.05 on 13 November 2013.
The stock had outperformed the market over the past one month till 31 October 2014, rising 27.27% compared with 4.64% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.97% as against Sensex's 7.61% rise.
The large-cap company has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.
Bharat Heavy Electricals (Bhel) announced on Sunday, 2 November 2014, that it bagged an order worth around Rs 220 crore from NTPC for installing electrostatic precipitator package at Darlipali super thermal power project (STPP) in Odisha.
Bhel said it bagged a prestigious contract for the supply and installation of the Electrostatic Precipitator (ESP) package for the 2x800 megawatts (MW) Darlipali STPP. Valued at around Rs 220 crore, the order for the ESP package has been placed on Bhel by NTPC for the upcoming Darlipali STPP in Sundargarh district of Odisha.
With this order, 13 of the 18 ESPs ordered for 660/800 MW supercritical units of NTPC, under the Cabinet approved 'Bulk tender' power projects, have been secured by Bhel.
Bhel's scope of work in the contract involves design, engineering, manufacture, supply and erection & commissioning of Electrostatic Precipitators of the 2x800 MW Darlipali power project.
ESPs are used in thermal power stations for collecting fly ash present in the flue gas emitted by the boilers into the atmosphere.
Bhel's net profit fell 58.42% to Rs 193.50 crore on 21.35% decline in total income to Rs 5502.76 crore in Q1 June 2014 over Q1 June 2013.
The company's outstanding order book stood at about Rs 97400 crore as on 30 June 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.
Powered by Capital Market - Live News
