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Why BHEL shares gained 7% today— Explained
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BHEL Share Price Today: Shares of Bharat Heavy Electricals (BHEL) gained seven per cent on Monday, November 13, after the company announced its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, reporting a net loss of ₹238 crore, compared to a net profit of ₹12.10 crore in the corresponding period last year. The state-owned engineering firm's revenue from operations in the second quarter of current fiscal stood at ₹5,125.3 crore, registering a drop of 1.5 per cent, compared to ₹5,202.6 crore in the year-ago period.
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