BEL shares drop 0.11% as Sensex rises
Bharat Electronics Ltd. traded 0.11 per cent down at Rs 301.6 at 12:12PM (IST) on Monday, even as BSE benchmark Sensex gained 186.09 points to 79892.0.
The stock had closed at Rs 301.95 in the previous session. The stock quoted a 52-week high price of Rs 340.35 and 52-week low of Rs 126.7, respectively. As per BSE data, total traded volume on the counter till 12:12PM (IST) stood at 513409 shares with a turnover of Rs 15.43 crore.
At the current price, shares of the company traded at 51.81 times its trailing 12-month EPS of Rs 5.8 per share and 9.02 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.44.
Shareholding Details
Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FIIs owned 17.43 per cent and DIIs 16.08 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 46.77. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental
