Market update at 11 O 'Clock - The Sensex declined 92.42 pts to 25217.91 and the Nifty fell down 32.15 pts to 7669.55. Around 420 shares have advanced, 1790 shares went down, and 114 shares remains unchanged on the BSE. 10:45 am. Shares of BHEL gained more than 2 per-cent intraday after heavy industry minister Anant Geete on yesterday says there are no plans for divestment in the company.
He further told that, performance of the power equipment maker has been improving and so far it has received orders worth Rs 22,000 crore in FY16. The govt. has 63.06 per-cent shareholding in the company as of September 2015. Around 5 per-cent stake sale in BHEL could fetch the government around Rs 2,000 cr. In the month of March 2014, it had sold 4.66 per-cent stake in the company for around Rs 1,890 cr.
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He further told that, performance of the power equipment maker has been improving and so far it has received orders worth Rs 22,000 crore in FY16. The govt. has 63.06 per-cent shareholding in the company as of September 2015. Around 5 per-cent stake sale in BHEL could fetch the government around Rs 2,000 cr. In the month of March 2014, it had sold 4.66 per-cent stake in the company for around Rs 1,890 cr.
Read More : Share tips
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