BEL shares down 0.1% as Nifty drops
Bharat Electronics Ltd. traded 0.1 per cent down in Wednesday's trade at 10:51AM (IST). Around 198,497 shares changed hands on the counter.
The counter opened at Rs 186.6 and touched an intraday high and low of Rs 187.9 and Rs 183.7, respectively, in the session so far. The stock of Bharat Electronics Ltd. quoted a 52-week high of Rs 187.9 and a 52-week low of Rs 87.0.
Total market cap of the Bharat Electronics Ltd. stood at Rs 134353.73 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 4146.12 crore for the quarter ended 30-Sep-2023, up 12.88 per cent from previous quarter's Rs 3673.17 crore and up 2.74 per cent from the year-ago quarter's Rs 4035.38 crore.
The net profit for latest quarter stood at Rs 789.35 crore, up 26.55 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 18.85 per cent stake in the firm, while foreign institutional investors held 17.19 per cent and the promoters 51.14 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 40.43 and a price-to-book ratio of 5.14.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Bharat Electronics Ltd.
