BHEL results beat market expectations; stock up 2.6%

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    BHEL results beat market expectations; stock up 2.6%
    Bharat Heavy Electricals: Quotes, News
    BSE 63.60BSE Quote0.75 (1.18%)
    NSE 63.65NSE Quote0.7 (1.10%)
    Bharat Heavy Electricals Limited (BHEL), on Monday posted 8% drop in net profit for the quarter ended March 2013. Net profit stood at Rs 6,485 crore as against Rs 7,040 crore in the year-ago period.
     

    The company said that these are tentative figures as approved by Board of Directors in the meeting held today.

    While, the net sales rose 6% to Rs 50,015 crore against to Rs 47,228 crore in March 2012. The company's order inflow stood at Rs 31,528 crore, growth of 42 per cent on Year-on-Year (Y-o-Y) basis.

    Shares of the company was seen trading at Rs 181 higher by 2.36%. Stock touched an intyra-day high of Rs 184.

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