Bharat Heavy Electricals Ltd (BHEL) surged 2.24% to Rs 166.75 in the afternoon hours on BSE after the company has commissioned 500 MW coal based thermal power plant in U.P
There were 3.35 lakh shares traded on the BSE counter as against the 2-weeks average daily volumes of 4.24 lakh shares in the past two weeks. The stock had hit a high and low of Rs 167.60 and Rs 163.10, respectively.
BHEL’s reported net profit of Rs 93.54 crore in Q3 December 2016 as against net loss of Rs 1084.96 crore y-o-y. Net sales rose 18.3% to Rs 6187.48 crore in Q3 December 2016 y-o-y. As per the shareholding pattern as at 31 December 2016, the Govt of India presently holds 63.06% stake in Bhel
Bhel is one of the largest engineering and manufacturing company in India engaged in the design, testing, construction, engineering, manufacture, commissioning and servicing of an array of products and services for core sectors of the economy.