Bharat Heavy Electricals rose 0.55% to Rs 92.20 at 14:30 IST on BSE after the company said that it has successfully commissioned a 54 megawatts coal fired captive power project in Indonesia.
The announcement was made during market hours today, 12 December 2017.Meanwhile, the S&P BSE Sensex was down 250.87 points, or 0.75% to 33,218.19.
On the BSE, 2.64 lakh shares were traded in the counter so far, compared with average daily volumes of 10.64 lakh shares in the past one quarter. The stock had hit a high of Rs 92.50 and a low of Rs 91.40 so far during the day. The stock had hit a 52-week high of Rs 121.77 on 25 April 2017. The stock had hit a 52-week low of Rs 77.43 on 27 December 2016.
The stock had underperformed the market over the past one month till 11 December 2017, falling 0.65% compared with the Sensex's 0.42% rise. The scrip had, however, outperformed the market over the past one quarter gaining 5.37% as against the Sensex's 4.94% rise. The scrip had, however, underperformed the market over the past one year rising 6.54% as against the Sensex's 25.08% rise.
The large-cap company has equity capital of Rs 734.28 crore. Face value per share is Rs 2.
Bharat Heavy Electricals (Bhel) said that 3X18 MW power project located at Sangatta, East Kalimantan, Indonesia has been set up by Bhel for PT Citra Kusuma Perdana (PT CKP) for their coal mining operations.
Bhel's net profit rose 5.9% to Rs 115.42 crore on 3.6% decline in net sales to Rs 6256.22 crore in Q2 September 2017 over Q2 September 2016.
Bhel is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies of its kind in India engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy. The Government of India holds 63.06% stake in Bhel (as per the shareholding pattern as on 30 September 2017).
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)