Bharat Electronics plunges 3.4% on disappointing Q2
30th October 2012 11:18 AM
Bharat Electronics, a state-owned electronics company, plunged on Tuesday after it has reported a fall of 35.83% in net profit to Rs 802.15 million for the quarter ended Sept 30, 2012 as compared to Rs 1,250.1 million in the same period last year.Shares ofthe companyare trading at Rs 1,213.80, down Rs 42.4, or 3.38% at the Bombay Stock Exchange (BSE) on Tuesday at 9:44 a.m. Total income has decreased marginally by 0.77% to Rs 10.64 billion for the quarter ended Sept 30, 2012 from Rs 10.72 billion in the year ago period.The scrip has touched an intra-day high of Rs 1,218.75 and low of Rs 1,189. The total volume of shares traded at the BSE is 2,196.In the earlier session, the shares declined 2.36%, or Rs 30.35, at Rs 1,256.20. Currently, the stock is trading down 27.13% from its 52-week high of Rs 1,665.75 and above 7.93% over the 52-week low of Rs 1,124.60.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,281.60 (25.40) (1.98) 1 Month 1,205.70 50.50 4.19 3 Months 1,221.15 35.05 2.87 6 Months 1,441.10 (184.90) (12.83) 1 Year 1,564.95 (308.75) (19.73) Note: Based on previous day closing price.
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