Bhel recovers on bargain hunting

Bharat Heavy Electricals gained 6.6% to Rs 108.20 at 11:21 IST on BSE, with the stock recovering on bargain hunting after 4-day 16.05% slide. Meanwhile, the S&P BSE Sensex was up 184.06 points or 1.01% at 18,430.10 On BSE, 9.84 lakh shares were traded in the counter as against average daily volume of 6.45 lakh shares in the past one quarter. The stock hit a high of Rs 109 and a low of Rs 103.20 so far during the day. The stock had hit a 52-week low of Rs 100.35 on Tuesday, 20 August 2013. The stock had hit a 52-week high of Rs 272.45 on 5 October 2012. The stock had underperformed the market over the past one month till 20 August 2013, falling 41.58% compared with the Sensex's 9.45% decline. The scrip had also underperformed the market in past one quarter, sliding 49.73% as against Sensex's 9.78% fall. more at: http://www.business-standard.com/article/news-cm/bhel-recovers-on-bargain-hunting-113082100323_1.html