BEL shares down 3.23% as Nifty gains
Bharat Electronics Ltd. rose 3.23 per cent to Rs 315.8 in Thursday's trade. It hit an intraday high of Rs 326.75 and low of Rs 312.25, respectively, during the day.
The stock quoted a 52-week high price of Rs 340.35 and low of Rs 123.55.
As of 01:55PM (IST), the counter saw total traded volume of 3,491,866 shares with a traded value of Rs 110.78 crore, according to NSE.
The stock had closed at Rs 326.35 in the previous session.
The scrip has advanced 39.58 per cent in the past one month till date, while the benchmark BSE Sensex has gained 12.17 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 57.84 while price-to-book ratio stood at 9.02. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Defence Contractor industry.
Promoter/FII Holding Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 17.43 per cent and 16.08 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 8789.51 crore for the quarter ended 31-Mar-2024, up 103.01 per cent from the previous quarter's Rs 4329.58 crore and up 34.29 per cent from the year-ago quarter's Rs 6545.28 crore. Its net profit
