The stock was last trading at Rs 133.60, down 10.7 per cent over Friday's closing.
Power equipment major, Bharat Heavy Electricals Ltd (BHEL), reported a slump in net profits to Rs 465 crores, as against Rs 3238 crores in the previous quarter.
Sales revenue was lower plagued by large scale problems in the power sector. Net sales came in at Rs 6352 crores for the quarter ending June 30, 2013, as against Rs 18,850 crores, reported for the quarter ending March 31, 2013.
A few investment and broking firms have downgraded the stock following a poor set of results.