BEL shares down 1.14% as Nifty drops
Bharat Electronics Ltd. traded 1.14 per cent down in Wednesday's trade at 10:56AM (IST). Around 468,598 shares changed hands on the counter.
The counter opened at Rs 132.05 and touched an intraday high and low of Rs 132.05 and Rs 129.45, respectively, in the session so far. Shares of the company of Bharat Electronics Ltd. quoted a 52-week high of Rs 133.25 and a 52-week low of Rs 87.0.
Total market cap of the Bharat Electronics Ltd. stood at Rs 95392.61 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 3673.17 crore for the quarter ended 30-Jun-2023, down 43.88 per cent from previous quarter's Rs 6545.28 crore and down 13.97 per cent from the year-ago quarter's Rs 3222.82 crore. The net profit for latest quarter stood at Rs 538.6 crore, up 47.3 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 19.33 per cent stake in the company, while foreign institutional investors held 17.35 per cent and the promoters 51.14 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 30.21 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. belongs to the Defence Contractor industry.
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