Best Commodity TipsBest Stock advisoryEquity TipsFinancial NewsFree Stock tipsFree Stock tipsFree trading tipsFutures OptionsLatest NewsStock AlertsStock AlertsStock TipsTop AdvisoryTop NewsTop Stocks

BHEL gains over 5pc after strong rise in profit

Shares of Bharat Heavy Electrical Limited (BHEL) advanced over 5% in the afternoon trade on Monday after the company posted a 49pc rise in its net profit at Rs682.70cr as against Rs457.17-cr, on year-on-year. Total operational revenue reportedly stood at Rs10297.16-cr, up about 1pc against Rs10213.97crore in the matching quarter of the previous fiscal. EBITDA for the quarter under review advanced 8pc to Rs1395.2cr Vs Rs1292cr in the year-ago period.

Meantime, the BHEL board has also proposed a final dividend of Rs1.20/share.

Shares of the BHEL climbed to the higher extent after the announcement of quarterly results. At 3.15am, BHEL was quoting at Rs72.75 per share up by Rs3.75 or 5.43% with bench mark Nifty at 11924-level up 80 points and the Sensex at 39649-level up by 214 points.