BEL share price down 2.37 per cent
Bharat Electronics Ltd. traded 2.37 per cent up at Rs 291.8 at around 02:09PM (IST) on Thursday. The stock had closed at Rs 298.9 in the previous session. Equity benchmark Sensex traded 99.88 points lower at 82252.76 around the same time.
The scrip has climbed 107.61 per cent in the last one year till date, while the 30-share index has gained 24.9 per cent during the same period.
The stock's 52-week high price stood at Rs 340.35 and the 52-week low price at Rs 127.0.
Trading volume on the counter stood at 1,682,704 shares, while it quoted a price-to-earnings ratio of 50.32, an EPS value of 5.8 and a price-to-book value of 9.02. In the Nifty50 pack, 20 stocks traded in the green, while 30 stocks were in the red.
Promoter/FII Holding Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership stood at 17.43 per cent and 16.08 per cent, respectively.
Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 4447.15 crore, down 49.4 per cent from the previous quarter's Rs 8789.51 crore and down 21.07 per cent from the year-ago quarter's Rs 3673.17 crore. The company reported net profit of Rs 791.0 crore for the latest quarter.
Technical Indicators The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of
