BEL shares drop 0.07% as Sensex rises
Bharat Electronics Ltd. traded 0.07 per cent lower in Wednesday's session at 11:01AM (IST). The stock opened at Rs 132.4 and has touched an intraday high and low of Rs 134.65 and Rs 132.4, respectively, during the session so far.
The stock quoted a 52-week high of Rs 147.2 and a 52-week low of 87.0. About 138,027 shares changed hands on the counter so far.
Benchmark Nifty50 was down 2.0 points at 19279.75, while the BSE Sensex traded 1.91 points higher at 64573.79 at the time of writing of this report.
In the Nifty pack, 28 stocks traded the day in the green, while 22 were in the red.
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. The company reported net profit of Rs 538.6 crore for the latest quarter.
Promoter Holdings Promoters held 51.14 per cent stake in the company as of 30-Sep-2023, while FIIs held 17.19 per cent and MFs 18.85 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 114.8 on October 25, while the 50-DMA was at Rs 136.05. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
