Meanwhile, the BSE Sensex was down 234.12 points, or 2.30%, to 9935.78.
On BSE, 5.53 lakh shares were traded in the counter. The scrip had an average daily volume of 4.90 lakh shares in the past one quarter.
The stock hit a high of Rs 1182 and a low of Rs 1072 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 1085 on 20 October 2008.
The stock had underperformed the market over the past one month till 21 October 2008, declining 32.35% as compared to the Sensex's decline of 27.33%. It had also underperformed the market in the past one quarter, falling 28.69% as compared to the Sensex's decline of 27.89%.
India's largest electric equipment maker by sales has an equity capital of Rs 489.52 crore. Face value per share is Rs 10.
The current price of Rs 1168 discounts its Q1 June 2008 annualised EPS of Rs 31.41, by a PE multiple of 37.18.
Bharat Heavy Electricals (Bhel) will set up two 660 megawatt steam turbine generators for NTPC's Barh thermal power project in Bihar
Bhel's net profit rose 33.1% to Rs 384.41 crore on a 33.9% increase in net sales to Rs 4329.24 crore in Q1 June 2008 over Q1 June 2007. The company will announce its Q2 September 2008 results on 24 October 2008.
Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.