Meanwhile, the BSE Sensex was up 268.84 points, or 1.59% to 17,132.14
On BSE, 12.49 lakh shares were traded in the counter as against average daily volume of 5.73 lakh shares in the past one quarter.
The stock hit a high of Rs 249.50 and a low of Rs 241.25 so far during the day. The stock had hit a 52-week low of Rs 225 on 20 December 2011. The stock had hit a 52-week high of Rs 458.94 on 1 February 2011.
The large-cap stock had underperformed the market over the past one month till 30 January 2012, gaining 2.57% compared with the Sensex's 9.11% rise. The scrip also underperformed the market in past one quarter, falling 25.08% as against 5.29% decline in the Sensex.
India's largest state-run power equipment maker has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.
The Bhel stock had tumbled 10.41% to Rs 245.15 on Monday, 30 January 2012 after the company after market hours on Friday, 27 January 2012 announced a marginal 2.1% rise in net profit to Rs 1432.61 crore despite 19.2% rise in net sales to Rs 10547.97 crore in Q3 December 2011 over Q3 December 2010 on the back of sharp contraction in operating margin.
The OPM tumbled by 360 basis points (bps) to 19.4% in Q3 December 2011 from 23% in Q3 December 2010 on account of higher material cost and other expenses.
Bhel's order backlog stood at Rs 146500 crore as on 31 December 2011, lower than order backlog of Rs 161000 crore as on 30 September 2011 and Rs 158000 crore as on 31 December 2010. The company said the order backlog was reduced to the extent of Rs 5847 crore as the company has seen one order cancelled during the quarter and few other small orders underwent change in scope. There is no such thing as slow moving orders in the order backlog, the company's management said in a post-result conference call with analyst.
Bhel is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector. The company caters to the core sectors including power, transmission, industry, transportation, renewable energy, oil & gas and defence.