BEL share price up 3.09 per cent
Bharat Electronics Ltd. traded 3.09 per cent up at Rs 139.9 at around 10:00AM (IST) on Monday.
The stock had closed at Rs 135.7 in the previous session. Equity benchmark Sensex traded 101.73 points lower at 67736.9 around the same time.
The scrip has climbed 25.81 per cent in the last one year till date, while the 30-share index has gained 11.83 per cent during the same period.
The stock's 52-week high price stood at Rs 147.2 and the 52-week low price at Rs 87.0.
Trading volume on the counter stood at 1,524,125 shares, while it quoted a price-to-earnings ratio of 32.41, an EPS value of 4.32 and a price-to-book value of 5.14.
In the Nifty50 pack, 30 stocks traded in the green, while 20 stocks were in the red.
Promoter/FII Holding Promoters held 51.14 per cent stake in the company as of 30-Jun-2023, while overseas investor and MF ownership stood at 17.35 per cent and 19.33 per cent, respectively.
Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 3673.17 crore, down 43.88 per cent from the previous quarter's Rs 6545.28 crore and down 13.97 per cent from the year-ago quarter's Rs 3222.82 crore. The company reported net profit of Rs 538.6 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 the MACD to reflect «buy» or «sell» opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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