Friday 12 February 2016

BHEL crashes by 11%; Q3 net loss at Rs. 1102 crore

The Company has posted a net loss of Rs. (11019.90) mn for the quarter ended December 31, 2015 as compared to net profit of Rs. 2126.00 million for the quarter ended December 31, 2014.


Bhel
BHEL stock was lower by 11% at Rs. 106 after company posted Q3 results yesterday.

The Company has posted a net loss of Rs. (11019.90) mn for the quarter ended December 31, 2015 as compared to net profit of Rs. 2126.00 million for the quarter ended December 31, 2014.

Total Income has decreased from Rs. 64720.60 mn for the quarter ended December 31, 2014 to Rs. 54961.30 million for the quarter ended December 31, 2015.


Bharat Heavy Electricals Ltd is currently trading at Rs. 106.45, down by Rs. 13.9 or 11.55% from its previous closing of Rs. 120.35 on the BSE.

The scrip opened at Rs. 115 and has touched a high and low of Rs. 115 and Rs. 105.8 respectively. So far 4529299(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 29456.87 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 289.85 on 21-Jul-2015 and a 52 week low of Rs. 119.4 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 137.8 and Rs. 119.4 respectively.

The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 33.08 % and 3.86 % respectively.

The stock is currently trading above its 200 DMA.

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