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BHEL Share Price Gains to ₹242.40 on 24 December 2024

Updated on: Dec 24, 2024, 4:04 PM IST
BHEL share price opened at ₹242.00 on December 24, 2024, and rose to ₹242.40 by 11:47 AM, with a market cap of ₹84,405.22 crore.
BHEL Share Price Gains to ₹242.40 on 24 December 2024
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On December 24, 2024, BHEL share price opened at ₹242.00, up from its previous close of ₹240.95. At 11:47 AM, the share price of BHEL was trading at ₹242.40, up by 0.60% on the NSE. As of the same time, the stock touched its day high at ₹243.80. The market cap of the company was at ₹84,405.22 crore.

Recent Developments

The company received an order from the Maharashtra Sales Tax Authorities for FY 2009-10, which raised a demand of ₹30.59 lakh. The demand consists of ₹14.31 lakh in tax, ₹3.58 lakh in penalty, and ₹12.70 lakh in interest due to non-submission of concessional forms. The company clarified that this order is appealable, and an assessment will be made to exercise its right to appeal.

Despite the demand raised by the Maharashtra Sales Tax Authorities, the company has stated that there is no material impact on its financials, operations, or other activities. The company will take appropriate steps in line with its legal rights. The receipt of the CST Appeal Order on December 10, 2024, will not cause any quantifiable monetary impact at this stage.

Q2 FY 2025 Financial Highlights

For Q2 FY25, the company reported revenue from operations of ₹6,584 crore, compared to ₹5,125 crore in Q2 FY24. The Profit After Tax (PAT) was ₹97 crore in Q2 FY25, compared to a loss of ₹58 crore in Q2 FY24.

For the period H1 FY25, the company’s revenue from operations increased to ₹12,069 crore, from ₹10,129 crore in the corresponding period of FY24. The PAT for the period H1 FY25 stood at -₹116 crore, compared to a loss of -₹271 crore in H1 FY24.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 24, 2024, 1:18 PM IST

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