BHEL share crashes 20 percent on poor earnings

The share price of government-run Bharat Heavy Electricals Ltd (BHEL) crashed nearly 20 percent Monday after the company posted 49 percent drop in quarterly profit due to lower sales. The company’s market value was eroded by nearly Rs.7,000 crore as a result of the single-day drop in the scrip price. The state-run power equipment maker closed 19.08 percent down at Rs.120.90 after slumping to a …

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